Invesco (NYSE:IVZ) PT Raised to $19.50 at The Goldman Sachs Group

by · The Cerbat Gem

Invesco (NYSE:IVZ – Free Report) had its price target raised by The Goldman Sachs Group from $17.50 to $19.50 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

Several other equities research analysts have also weighed in on the company. Evercore ISI upped their price objective on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research note on Tuesday, August 20th. Royal Bank of Canada increased their price objective on Invesco from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Wells Fargo & Company boosted their target price on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.38.

Check Out Our Latest Stock Report on IVZ

Invesco Trading Up 0.1 %

Shares of Invesco stock opened at $17.63 on Wednesday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of -19.16, a PEG ratio of 1.04 and a beta of 1.44. Invesco has a 1 year low of $12.61 and a 1 year high of $18.79. The company’s fifty day simple moving average is $17.15 and its 200-day simple moving average is $16.11. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.41.

Invesco (NYSE:IVZ – Get Free Report) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.01% and a negative net margin of 3.00%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, sell-side analysts expect that Invesco will post 1.67 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.65%. Invesco’s payout ratio is -89.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. Family Firm Inc. acquired a new stake in shares of Invesco in the 2nd quarter valued at about $28,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the second quarter worth about $30,000. Allworth Financial LP raised its position in Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Invesco in the 1st quarter valued at approximately $52,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Invesco by 50.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Company Profile

(Get Free Report)

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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