Barclays Boosts Invesco (NYSE:IVZ) Price Target to $19.00

Invesco (NYSE:IVZ) had its price target hoisted by Barclays from $18.00 to $19.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the asset manager’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Evercore ISI upped their price target on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada upped their target price on Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.38.

Invesco Stock Up 0.1 %

Shares of Invesco stock opened at $17.63 on Wednesday. Invesco has a 12-month low of $12.61 and a 12-month high of $18.79. The firm has a market capitalization of $7.93 billion, a PE ratio of -19.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $17.15 and its 200-day moving average is $16.11.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.01%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. Equities analysts anticipate that Invesco will post 1.67 earnings per share for the current year.

Invesco Dividend Announcement

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

Hedge Funds Weigh In On Invesco

Several institutional investors have recently bought and sold shares of IVZ. Family Firm Inc. bought a new stake in shares of Invesco during the 2nd quarter worth about $28,000. Sentry Investment Management LLC bought a new stake in Invesco during the second quarter worth approximately $30,000. Allworth Financial LP grew its holdings in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Invesco in the first quarter valued at approximately $52,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after buying an additional 1,210 shares during the period. 66.09% of the stock is currently owned by institutional investors.

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.