Invesco (NYSE:IVZ) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Invesco (NYSE:IVZ) from a buy rating to a hold rating in a research note published on Sunday morning.

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group upped their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.12.

Invesco Stock Down 1.1%

Shares of IVZ opened at $31.38 on Friday. Invesco has a 12 month low of $20.48 and a 12 month high of $32.55. The firm’s 50 day moving average is $28.77 and its 200-day moving average is $26.83. The stock has a market capitalization of $13.91 billion, a PE ratio of -46.15, a P/E/G ratio of 0.51 and a beta of 1.62. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Equities research analysts forecast that Invesco will post 2.8 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s dividend payout ratio is currently -126.47%.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC lifted 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 valued at $45,000 after purchasing an additional 374 shares during the period. ANB Bank grew its stake in Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after purchasing an additional 375 shares during the period. Carrera Capital Advisors raised its holdings in Invesco by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after purchasing an additional 408 shares in the last quarter. Vise Technologies Inc. raised its holdings in Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC raised its holdings in Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after purchasing an additional 452 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

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.