Shares of Invesco Ltd. (NYSE:IVZ) have received an average recommendation of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.08.
IVZ has been the subject of several research reports. Royal Bank of Canada set a $47.00 target price on Invesco and gave the company a “buy” rating in a research note on Saturday, December 16th. Citigroup cut Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Bank of America downgraded Invesco from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Monday, January 8th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, ValuEngine raised Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th.
Shares of Invesco (NYSE IVZ) traded up $0.73 during mid-day trading on Wednesday, reaching $33.92. The company had a trading volume of 4,997,100 shares, compared to its average volume of 3,614,827. Invesco has a fifty-two week low of $29.36 and a fifty-two week high of $38.43. The company has a market capitalization of $13,808.08, a PE ratio of 12.38, a P/E/G ratio of 0.91 and a beta of 1.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Wednesday, February 14th. Invesco’s dividend payout ratio is 42.34%.
In other news, insider Kevin M. Carome sold 25,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $33.38, for a total transaction of $834,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Sawtooth Solutions LLC lifted its stake in Invesco by 205.1% in the 4th quarter. Sawtooth Solutions LLC now owns 43,530 shares of the asset manager’s stock worth $1,590,000 after acquiring an additional 29,264 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Invesco by 64.1% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 30,200 shares of the asset manager’s stock worth $1,104,000 after acquiring an additional 11,800 shares in the last quarter. Wunderlich Capital Managemnt purchased a new stake in Invesco in the 4th quarter worth about $313,000. Csenge Advisory Group lifted its stake in Invesco by 62.1% in the 4th quarter. Csenge Advisory Group now owns 14,815 shares of the asset manager’s stock worth $541,000 after acquiring an additional 5,677 shares in the last quarter. Finally, DF Dent & Co. Inc. purchased a new stake in Invesco in the 4th quarter worth about $658,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
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Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
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