The Goldman Sachs Group Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price cut by The Goldman Sachs Group from $17.00 to $15.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

Other equities analysts have also issued reports about the stock. Citigroup decreased their price objective on shares of Invesco from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Royal Bank of Canada assumed coverage on Invesco in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price target for the company. Wells Fargo & Company dropped their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, UBS Group raised their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.30.

Invesco Stock Down 3.2 %

IVZ stock opened at $12.66 on Monday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $15.65 and a 200 day moving average of $17.06. Invesco has a twelve month low of $11.60 and a twelve month high of $19.55. The firm has a market cap of $5.67 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

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

Invesco Dividend Announcement

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

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently made changes to their positions in IVZ. Norges Bank purchased a new position in Invesco in the 4th quarter worth approximately $57,459,000. AQR Capital Management LLC raised its position in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after buying an additional 2,264,551 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Invesco by 2,385.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock worth $29,301,000 after buying an additional 1,642,645 shares in the last quarter. Amundi boosted its position in shares of Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after acquiring an additional 1,472,178 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Invesco by 58.6% during the fourth quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager’s stock valued at $58,289,000 after acquiring an additional 1,232,359 shares in the last quarter. 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.