Invesco (NYSE:IVZ) Announces Earnings Results, Beats Estimates By $0.01 EPS

Invesco (NYSE:IVZ) posted its quarterly earnings data on Tuesday. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01, Zacks reports. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%.

Invesco Price Performance

NYSE IVZ opened at $18.99 on Thursday. The firm’s fifty day moving average is $17.67 and its two-hundred day moving average is $17.28. Invesco has a one year low of $14.16 and a one year high of $19.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays increased their target price on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group boosted their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Argus raised their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.71.

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.