News articles about Invesco (NYSE:IVZ) have been trending positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Invesco earned a media sentiment score of 0.35 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.9871648937272 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Invesco announces strategy, fee changes for multiple funds (advisor.ca)
- Invesco Ltd. (NYSE:IVZ) – Hot Stock under Review (nasdaqjournal.com)
- Seritage Growth, Invesco Team Up for La Jolla Conversion Project (cpexecutive.com)
- Insider Buying: Invesco (IVZ) Major Shareholder Purchases 2,127,659 Shares of Stock (americanbankingnews.com)
- UBS Boosts Invesco (IVZ) Price Target to $31.00 (americanbankingnews.com)
IVZ has been the subject of a number of research reports. ValuEngine downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Morgan Stanley lowered their price target on Invesco from $40.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, April 10th. Zacks Investment Research downgraded Invesco from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Credit Suisse Group raised Invesco from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $42.00 to $43.00 in a research report on Wednesday, January 31st. Finally, Deutsche Bank raised Invesco from a “hold” rating to a “buy” rating and lowered their price target for the company from $39.00 to $38.00 in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.93.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $958.00 million for the quarter, compared to analysts’ expectations of $979.91 million. Invesco had a return on equity of 12.95% and a net margin of 21.96%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. research analysts anticipate that Invesco will post 2.84 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, May 10th. This is a boost from Invesco’s previous quarterly dividend of $0.29. Invesco’s payout ratio is currently 44.44%.
In other Invesco news, CEO Martin L. Flanagan sold 422,860 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $33.12, for a total transaction of $14,005,123.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Ltd. Invesco acquired 2,127,659 shares of Invesco stock in a transaction on Tuesday, May 22nd. The shares were bought at an average price of $4.69 per share, for a total transaction of $9,978,720.71. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.
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.
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