Deutsche Bank AG restated their hold rating on shares of Invesco Bond Fund (NYSE:VBF) in a research note issued to investors on Saturday morning. They currently have a $32.00 price objective on the stock, down from their previous price objective of $36.00.
VBF has been the subject of a number of other reports. Citigroup Inc. reaffirmed a neutral rating and set a $27.00 price target (down from $38.00) on shares of Invesco Bond Fund in a research report on Monday, June 27th. Barclays PLC reaffirmed an overweight rating and set a $35.00 price target (down from $37.00) on shares of Invesco Bond Fund in a research report on Thursday, July 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Invesco Bond Fund currently has an average rating of Buy and a consensus price target of $35.88.
Invesco Bond Fund (NYSE:VBF) traded down 0.05% during mid-day trading on Friday, hitting $19.05. The stock had a trading volume of 43,180 shares. Invesco Bond Fund has a one year low of $17.46 and a one year high of $19.54. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $18.97.
The business also recently announced a monthly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a $0.069 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.36%.
Large investors have recently modified their holdings of the stock. Citigroup Inc. acquired a new stake in Invesco Bond Fund during the second quarter valued at $187,000. Gilman Hill Asset Management LLC raised its stake in Invesco Bond Fund by 9.1% in the second quarter. Gilman Hill Asset Management LLC now owns 12,000 shares of the company’s stock valued at $227,000 after buying an additional 1,000 shares during the period. Raymond James & Associates raised its stake in Invesco Bond Fund by 11.8% in the second quarter. Raymond James & Associates now owns 18,982 shares of the company’s stock valued at $359,000 after buying an additional 2,000 shares during the period. Laurion Capital Management LP acquired a new stake in Invesco Bond Fund during the second quarter valued at $475,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Invesco Bond Fund during the second quarter valued at $536,000.
About Invesco Bond Fund
Invesco Bond Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to seek interest income while conserving capital. The Fund invests primarily in fixed-rate the United States investment-grade corporate bonds with flexibility to integrate approximately 20% of its total assets in non-investment-grade, the United States dollar denominated and non-United States dollar denominated securities of foreign issuers (both developed and emerging markets).
Receive News & Ratings for Invesco Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Bond Fund and related companies with MarketBeat.com's FREE daily email newsletter.