Invesco Ltd Common Stock (NYSE:IVZ):
Invesco Reports Results for the Three Months Ended September 30, 2016.
The company is so far trading down by -1.92% since yesterday’s close of $29.1.
Invesco Ltd Common Stock declared a dividend for shareholders which was paid on Friday September 2nd, 2016. The dividend payment was $0.280 per share for the quarter or $1.12 on an annualized basis. This dividend amount represented a yeild of $3.79. The ex-dividend date was set for Tuesday the 16th of August 2016.
Shares last traded at $28.54 just below $30.48, the stock’s 50 day moving average and barely below the 200 day moving average of $29.60. The 50 day moving average was down $-1.94 or -6.36% and the 200 day average moved down $-1.06.
The company’s P/E ratio is 14.41 and the market cap is 11.70B. As of the last earnings report the EPS was $1.98 and is projected to be $2.27 for the current year with 409,916,000 shares currently outstanding. Next quarter’s EPS is expected be $0.63 with next year’s EPS projected to be $2.67.
Brokerage analysts have provided guidance on the stock recently. On October 14 the company was downgraded to “Hold” from “Buy” with a current price target of $32.00 in a statement from Deutsche Bank. October 14 investment analysts at Keefe Bruyette & Woods maintained a company rating of “Hold” but lowered the price expectation to $32.00 from $35.00.
Deutsche Bank both downgraded the stock and lowered the price target on October 14 changing the price target from $36.00 to $32.00 and cutting the rating from “Buy” to “Hold”. On October 11 Jefferies left the stock rating at “Buy” and raised the price target from $30.00 to $37.00.
On October 5 Deutsche Bank maintained a stock rating of “Buy” and moved up the price target to $36.00 from $35.00. On October 4 Citigroup left the company rating at “Neutral” but moved down the price target from $35.00 to $33.00.