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

Invesco (NYSE:IVZ) issued its earnings results on Tuesday. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 Trading Up 0.8 %

Shares of Invesco stock opened at $17.77 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company has a fifty day moving average of $17.60 and a 200 day moving average of $17.25. The company has a market capitalization of $7.98 billion, a P/E ratio of -19.31, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94.

Invesco Announces Dividend

The company also recently announced 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 dividend yield of 4.62%. Invesco’s dividend payout ratio (DPR) is -89.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IVZ shares. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. UBS Group increased their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Evercore ISI increased their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 target price on shares of Invesco in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.71.

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.