6 days Ago By ABMN Staff
TD Cowen lowered shares of Invesco ( NYSE:IVZ – Free Report ) from a buy rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has $13.00 price objective on the asset manager’s stock, down from their prior price objective of $22.
00. IVZ has been the subject of several other reports. Barclays upped their price objective on Invesco from $18.
00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Citigroup reduced their price target on Invesco from $20.
00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. BMO Capital Markets lifted their price objective on shares of Invesco from $19.
00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co.
reduced their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th.
Finally, UBS Group lifted their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd.
One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and an average price target of $18.
10. Get Our Latest Stock Report on IVZ Invesco Stock Performance Invesco ( NYSE:IVZ – Get Free Report ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.
52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01.
Invesco had a net margin of 12.77% and a return on equity of 8.18%.
On average, analysts forecast that Invesco will post 1.87 EPS for the current fiscal year. Invesco Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th.
Stockholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th.
This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.43%.
Invesco’s payout ratio is 69.49%. Hedge Funds Weigh In On Invesco A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ.
Wilmington Savings Fund Society FSB bought a new stake in Invesco in the third quarter valued at approximately $35,000. Colonial Trust Co SC acquired a new position in shares of Invesco during the 4th quarter worth approximately $38,000. Aster Capital Management DIFC Ltd raised its stake in Invesco by 180.
5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust acquired a new stake in Invesco during the 4th quarter valued at $44,000.
Finally, Versant Capital Management Inc lifted its holdings in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 2,234 shares during the last quarter.
Institutional investors 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. Read More Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.
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