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

Shares of Invesco Ltd. (NYSE:IVZ) have been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, 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 analysts that have issued ratings on the stock in the last year is $27.2857.

A number of analysts have recently issued reports on IVZ shares. TD Cowen raised their target price on shares of Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of Invesco in a research note on Tuesday, April 21st. BMO Capital Markets cut their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group raised their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in Invesco by 759.7% in the 1st quarter. NewEdge Advisors LLC now owns 67,503 shares of the asset manager’s stock worth $1,640,000 after purchasing an additional 59,651 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Invesco by 5.9% in the 1st quarter. Glenmede Trust Co. NA now owns 16,747 shares of the asset manager’s stock worth $407,000 after purchasing an additional 940 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco by 28.9% in the 1st quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager’s stock worth $64,473,000 after purchasing an additional 595,797 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Invesco in the 1st quarter worth about $312,000. Finally, Kentucky Retirement Systems acquired a new stake in Invesco in the 1st quarter worth about $889,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

NYSE IVZ opened at $28.17 on Friday. The firm has a 50-day moving average of $25.85 and a 200-day moving average of $26.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $12.49 billion, a PE ratio of -19.16, a P/E/G ratio of 0.60 and a beta of 1.60. Invesco has a 52-week low of $14.16 and a 52-week high of $29.61.

Invesco (NYSE:IVZ) last posted 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). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, sell-side analysts anticipate that Invesco will post 2.58 EPS for the current year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 annualized dividend and a yield of 3.1%. Invesco’s dividend payout ratio is presently -58.50%.

About Invesco

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.