Invesco (NYSE:IVZ) Price Target Cut to $13.00 by Analysts at Barclays

Invesco (NYSE:IVZ) had its target price cut by Barclays from $20.00 to $13.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

Other equities analysts have also issued reports about the company. Morgan Stanley lifted their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada assumed coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on Invesco from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.30.

Invesco Trading Down 3.2 %

IVZ opened at $12.66 on Wednesday. The company’s 50 day moving average is $15.65 and its 200-day moving average is $17.06. The company has a market cap of $5.67 billion, a P/E ratio of 10.73, a PEG ratio of 0.98 and a beta of 1.26. Invesco has a 1-year low of $11.60 and a 1-year high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Equities research analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.48%. Invesco’s dividend payout ratio (DPR) is presently 69.49%.

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after purchasing an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock valued at $351,430,000 after acquiring an additional 274,134 shares in the last quarter. Geode Capital Management LLC increased its holdings in Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after acquiring an additional 134,726 shares during the period. AQR Capital Management LLC lifted its stake in Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after purchasing an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after purchasing an additional 31,854 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.