Invesco Ltd. Announces Quarterly Dividend of $0.31 (NYSE:IVZ)

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Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the asset manager on Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Friday, November 8th.

Shares of NYSE:IVZ traded down $0.07 during midday trading on Wednesday, reaching $18.05. The company had a trading volume of 4,528,101 shares, compared to its average volume of 5,240,449. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average price is $16.52 and its 200-day moving average price is $18.57. The stock has a market capitalization of $7.81 billion, a P/E ratio of 7.43, a PEG ratio of 0.85 and a beta of 1.54. Invesco has a one year low of $15.15 and a one year high of $22.18.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Invesco had a net margin of 8.86% and a return on equity of 10.60%. The business’s revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. As a group, sell-side analysts forecast that Invesco will post 2.58 earnings per share for the current year.

A number of analysts recently issued reports on IVZ shares. ValuEngine upgraded shares of Invesco from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barclays lifted their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Morgan Stanley set a $18.00 price target on shares of Invesco and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Co lifted their price target on shares of Invesco from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Finally, Citigroup set a $16.50 price target on shares of Invesco and gave the stock a “hold” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.14.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

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Dividend History for Invesco (NYSE:IVZ)

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