ValuEngine upgraded shares of Invesco (NYSE:IVZ) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.
IVZ has been the topic of a number of other reports. Zacks Investment Research cut shares of Invesco from a buy rating to a hold rating in a research report on Thursday, October 12th. Citigroup boosted their target price on shares of Invesco from $38.50 to $39.50 and gave the stock a buy rating in a research report on Tuesday, October 3rd. Barclays began coverage on shares of Invesco in a research report on Friday, September 8th. They set an overweight rating and a $38.00 target price on the stock. BidaskClub cut shares of Invesco from a hold rating to a sell rating in a research report on Saturday, August 19th. Finally, Jefferies Group boosted their target price on shares of Invesco from $41.00 to $42.00 and gave the stock a buy rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $38.50.
Invesco (NYSE IVZ) traded up $0.46 during midday trading on Wednesday, hitting $37.09. 2,394,200 shares of the stock were exchanged, compared to its average volume of 2,719,548. Invesco has a twelve month low of $28.75 and a twelve month high of $37.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14,911.27, a PE ratio of 14.36, a P/E/G ratio of 1.15 and a beta of 1.81.
Invesco (NYSE:IVZ) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $940.96 million. During the same period in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. equities analysts forecast that Invesco will post 2.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Tuesday, November 14th were paid a $0.29 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.13%. Invesco’s dividend payout ratio (DPR) is presently 50.44%.
In related news, insider Colin Meadows sold 54,215 shares of Invesco stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC acquired a new position in shares of Invesco during the third quarter valued at $145,000. Valeo Financial Advisors LLC acquired a new position in shares of Invesco during the third quarter valued at $160,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Invesco during the second quarter valued at $185,000. ETRADE Capital Management LLC acquired a new position in shares of Invesco during the third quarter valued at $205,000. Finally, Financial Counselors Inc. acquired a new position in shares of Invesco during the second quarter valued at $215,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
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Invesco Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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