Invesco Ltd. (NYSE:IVZ) Analysts Rate Stock as 'Hold'

Invesco Ltd. (NYSE:IVZ) has recently received an average recommendation of "Hold" from analysts who are following the stock. According to reports, thirteen brokerages are analyzing Invesco, and their assessments reveal a mix of recommendations. Among these analysts, one has rated the stock as a sell, ten have suggested holding it, and two have issued a buy recommendation.

The consensus target price for Invesco over the next year is around $19.94. This average price target is derived from various updates from the analysts who have recently revised their evaluations.

Analyst Ratings and Target Price Adjustments

Invesco has been featured in several analyst reports. For instance, Morgan Stanley recently raised its target price for Invesco from $18.00 to $19.00 while maintaining an "equal weight" rating. Meanwhile, Deutsche Bank also increased its price target for Invesco to $19.00, categorizing it as a "hold." Evercore ISI has given a higher price target of $20.00 along with an "in-line" rating. Argus raised its target significantly to $22.00, indicating a buy rating. Barclays has similarly upped its price target to $20.00, labeled as "equal weight" in its assessment.

Institutional Changes and Ownership

Further developments related to Invesco include significant adjustments made by hedge funds and other institutional investors. For instance, Avior Wealth Management LLC increased its holdings in Invesco by a staggering 484.9% during the third quarter, subsequently owning 1,550 shares worth approximately $27,000. Additionally, Wilmington Savings Fund Society acquired a new position valued at $35,000 in Invesco. Allworth Financial LP also significantly increased its stake in the company by 304.0%, owning 2,400 shares valued at $42,000. Other institutions, such as Crews Bank & Trust and Assetmark Inc., also invested in Invesco, taking their respective positions during the past quarters. Overall, institutional investors hold about 66.09% of Invesco's stock.

Current Stock Performance

As of the latest trading session, shares of Invesco opened at $18.90. The company boasts a market capitalization of $8.49 billion, with a price-to-earnings ratio of 16.01. Analysts anticipate consistent performance as they predict earnings per share to reach 1.85 this year. The stock has demonstrated a debt-to-equity ratio of 0.49, alongside current and quick ratios of 4.91. Invesco's shares have fluctuated between a 12-month low of $14.16 and a high of $19.55.

Dividend Announcement

Invesco also recently declared its quarterly dividend, expected to be paid on March 4th. Shareholders who are recorded by February 14th will receive a dividend of $0.205 per share. The annualized dividend amounts to $0.82, giving a yield of 4.34%, and the company's payout ratio stands at 69.49%.

Company Profile

Invesco Ltd. is a publicly traded investment management firm that serves a diverse range of clients including retail, institutional, high-net-worth individuals, and public entities. They provide various services tailored to the requirements of corporations, unions, non-profit organizations, endowments, foundations, pension plans, and sovereign wealth funds.

Invesco, stocks, analysts