Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $27.8571.

A number of research analysts have weighed in on IVZ shares. Royal Bank Of Canada restated an “outperform” rating on shares of Invesco in a report on Wednesday. Evercore set a $31.00 price objective on Invesco in a report on Monday, June 8th. Weiss Ratings lowered Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. TD Cowen raised their price objective on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its stake in shares of Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the last quarter. American National Bank & Trust acquired a new stake in shares of Invesco in the 4th quarter worth $31,000. Larson Financial Group LLC increased its stake in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Invesco in the 4th quarter worth $44,000. Finally, Root Financial Partners LLC increased its stake in shares of Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 1.2%

Shares of NYSE:IVZ opened at $26.19 on Tuesday. Invesco has a 1 year low of $15.54 and a 1 year high of $29.82. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of -17.81, a price-to-earnings-growth ratio of 0.59 and a beta of 1.60. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day moving average price is $27.09 and its 200-day moving average price is $26.41.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned $0.44 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that Invesco will post 2.59 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, May 15th. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is -58.50%.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.