Invesco Ltd. (NYSE:IVZ) Receives Average Rating of "Hold" from Analysts

Invesco Ltd. (NYSE:IVZ) has received an average recommendation of "Hold" from thirteen brokerages currently covering the stock, as reported by MarketBeat.com. Among these recommendations, one analyst has suggested selling the stock, while ten have rated it as a hold and two have given a buy recommendation. The consensus one-year target price set by analysts for Invesco is $19.94.

Analyst Reports on Invesco

Invesco has been under the scrutiny of multiple analysts recently. For instance, Morgan Stanley raised its target price for Invesco from $18.00 to $19.00 and maintained an "equal weight" rating in a research note released on Thursday. Similarly, Deutsche Bank also increased its price target from $18.00 to $19.00, assigning a "hold" rating in a report dated November 11th. In another update, Evercore ISI boosted Invesco’s target from $19.00 to $20.00, providing a rating of "in-line" in a report issued on November 7th. Argus upped its target price on Invesco from $20.00 to $22.00, labeling it as a buy in their January 29th report. Lastly, Barclays similarly increased its price target from $18.00 to $20.00 while maintaining an "equal weight" rating.

Changes in Institutional Holdings

Recent hedge fund activity has reflected a shift in their positions in Invesco. For example, Avior Wealth Management LLC significantly increased its stake in Invesco by 484.9% in the third quarter, now holding 1,550 shares valued at $27,000 after acquiring an additional 1,285 shares. Additionally, Wilmington Savings Fund Society FSB made a new investment in the third quarter valued at around $35,000. Allworth Financial LP also increased its holdings by 304.0%, owning 2,400 shares worth $42,000 following the purchase of 1,806 new shares. Furthermore, Crews Bank & Trust acquired a new stake valued at approximately $44,000 during the fourth quarter. Assetmark Inc. heightened its investment in Invesco by 381.5%, now owning 3,496 shares valued at $61,000 after purchasing an additional 2,770 shares. Overall, institutional investors own about 66.09% of Invesco's stock.

Invesco's Stock Performance

On the trading day of Friday, shares of Invesco were down by 1.4%, opening at $18.90. The company boasts a market capitalization of $8.49 billion, with a price-to-earnings ratio of 16.01, and a price-to-earnings growth ratio of 1.06. Invesco's 50-day and 200-day moving average prices are $17.79 and $17.40, respectively. The asset manager maintains a debt-to-equity ratio of 0.49 and a current ratio of 4.91. Over the last year, Invesco has reached a low of $14.16 and a high of $19.55.

Financial Results and Dividends

Invesco reported its earnings results on January 28th, announcing earnings of $0.52 per share for the quarter, exceeding the consensus estimate of $0.51 by $0.01. The company has realized a net profit margin of 12.77% and a return on equity of 8.18%. Analysts anticipate that Invesco will report earnings per share of 1.85 for the current year.

Invesco also recently declared a quarterly dividend of $0.205 per share, which will be paid on March 4th to shareholders who are on record as of February 14th. The ex-dividend date is also February 14th. This translates to an annual dividend of $0.82, providing a yield of 4.34%, with an approximate payout ratio of 69.49%.

About Invesco Ltd.

Invesco Ltd. is a public investment management firm. The company offers its services to a diverse client base, which includes retail clients, institutional investors, high-net-worth individuals, public entities, corporations, unions, non-profits, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

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