Invesco Ltd. (NYSE:IVZ) Stock Now Rated “Hold” by Wall Street Analysts

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.62.

Several analysts have weighed in on IVZ shares. Barclays lifted their price objective on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Royal Bank Of Canada downgraded shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Thursday, August 13th. Evercore set a $35.00 price target on Invesco in a research note on Monday, August 10th. Finally, Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th.

Insider Buying and Selling

In other news, CFO Laura Dukes sold 31,075 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $33.16, for a total transaction of $1,030,447.00. Following the sale, the chief financial officer directly owned 259,183 shares of the company’s stock, valued at approximately $8,594,508.28. This represents a 10.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total value of $3,247,048.00. Following the completion of the transaction, the director owned 812,477 shares in the company, valued at $26,161,759.40. The trade was a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 222,540 shares of company stock valued at $7,227,167. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Invesco

A number of large investors have recently bought and sold shares of IVZ. CX Institutional raised its position in shares of Invesco by 5.3% in the 3rd quarter. CX Institutional now owns 17,228 shares of the asset manager’s stock valued at $520,000 after buying an additional 870 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Invesco by 6.4% during the 3rd quarter. Versant Capital Management Inc now owns 15,192 shares of the asset manager’s stock worth $458,000 after acquiring an additional 912 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Invesco by 5.1% during the 2nd quarter. QRG Capital Management Inc. now owns 141,453 shares of the asset manager’s stock worth $3,733,000 after acquiring an additional 6,825 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Invesco by 14.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,346 shares of the asset manager’s stock valued at $273,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Invesco by 45.7% in the second quarter. Sequoia Financial Advisors LLC now owns 58,792 shares of the asset manager’s stock valued at $1,552,000 after acquiring an additional 18,451 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of NYSE IVZ opened at $30.47 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of -44.81, a P/E/G ratio of 0.45 and a beta of 1.65. The stock’s fifty day moving average price is $31.48 and its two-hundred day moving average price is $28.38. Invesco has a one year low of $20.67 and a one year high of $33.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Invesco will post 2.82 EPS for the current year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 14th. Invesco’s dividend payout ratio is presently -126.47%.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.