Argus Issues Positive Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target upped by Argus from $20.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports. Argus currently has a buy rating on the asset manager’s stock.

A number of other research firms have also weighed in on IVZ. Barclays raised their target price on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group lowered their price target on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada started coverage on Invesco in a research note on Tuesday. They set a “sector perform” rating and a $19.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Performance

Shares of IVZ stock opened at $18.99 on Wednesday. The company’s fifty day simple moving average is $17.67 and its two-hundred day simple moving average is $17.28. Invesco has a 52 week low of $14.16 and a 52 week high of $19.49. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, research analysts predict that Invesco will post 1.7 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.32%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is -89.13%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Harmony Asset Management LLC raised its stake in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after buying an additional 600 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in Invesco by 4.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after purchasing an additional 816 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after acquiring an additional 946 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after buying an additional 1,020 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock worth $248,000 after purchasing an additional 1,167 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.