Deutsche Bank upgraded shares of Invesco (NYSE:IVZ) from a hold rating to a buy rating in a report issued on Tuesday morning, Marketbeat reports. They currently have $38.00 target price on the asset manager’s stock, down from their previous target price of $39.00.

Several other brokerages also recently commented on IVZ. Citigroup downgraded shares of Invesco from a buy rating to a neutral rating in a research note on Friday, January 19th. Zacks Investment Research downgraded shares of Invesco from a buy rating to a hold rating in a research note on Monday, January 8th. Bank of America downgraded shares of Invesco from a buy rating to a neutral rating and set a $42.00 target price on the stock. in a research note on Monday, January 8th. JPMorgan Chase & Co. set a $45.00 target price on shares of Invesco and gave the company a buy rating in a research note on Monday, January 8th. Finally, ValuEngine upgraded shares of Invesco from a hold rating to a buy rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $40.57.

Shares of Invesco (NYSE:IVZ) opened at $32.51 on Tuesday. Invesco has a 52 week low of $29.36 and a 52 week high of $38.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $13,230.00, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.73.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. equities analysts forecast that Invesco will post 3.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. Invesco’s dividend payout ratio is 42.18%.

Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Invesco by 210.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,713,900 shares of the asset manager’s stock valued at $62,626,000 after buying an additional 1,162,175 shares during the last quarter. Kiltearn Partners LLP raised its holdings in shares of Invesco by 2.5% in the fourth quarter. Kiltearn Partners LLP now owns 5,949,210 shares of the asset manager’s stock valued at $217,384,000 after buying an additional 145,800 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Invesco in the fourth quarter valued at about $780,000. Invictus RG bought a new position in shares of Invesco in the fourth quarter valued at about $261,000. Finally, ETRADE Capital Management LLC raised its holdings in shares of Invesco by 137.8% in the fourth quarter. ETRADE Capital Management LLC now owns 13,937 shares of the asset manager’s stock valued at $509,000 after buying an additional 8,076 shares during the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.

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Invesco Company Profile

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.

Analyst Recommendations for Invesco (NYSE:IVZ)

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