Headlines about Invesco (NYSE:IVZ) have been trending somewhat positive recently, according to AlphaOne. AlphaOne, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco earned a coverage optimism score of 0.23 on AlphaOne’s scale. AlphaOne also gave media coverage about the asset manager an impact score of 89 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted AlphaOne’s analysis:
IVZ has been the topic of several recent analyst reports. Citigroup Inc lifted their target price on Invesco to $33.00 in a research note on Wednesday, January 25th. Jefferies Group LLC lifted their target price on Invesco from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Goldman Sachs Group Inc raised Invesco from a “neutral” rating to a “conviction-buy” rating and lifted their target price for the company from $30.00 to $37.00 in a research note on Wednesday, March 15th. Deutsche Bank AG lifted their target price on Invesco from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $34.00 target price on shares of Invesco in a research note on Friday, April 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $35.20.
Shares of Invesco (NYSE:IVZ) traded down 0.09% during trading on Friday, hitting $32.38. The stock had a trading volume of 1,475,432 shares. The firm’s 50-day moving average is $31.16 and its 200 day moving average is $31.09. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 14.70 and a beta of 1.82. Invesco has a 52-week low of $23.02 and a 52-week high of $33.47.
Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.05. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. Invesco had a return on equity of 11.79% and a net margin of 18.04%. Invesco’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. On average, analysts expect that Invesco will post $2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 12th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.58%. This is an increase from Invesco’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, May 10th. Invesco’s payout ratio is 54.63%.
In other Invesco news, insider Philip Taylor sold 60,000 shares of Invesco stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $32.40, for a total transaction of $1,944,000.00. Following the completion of the sale, the insider now directly owns 146,222 shares of the company’s stock, valued at approximately $4,737,592.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.
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.