Invesco (NYSE:IVZ) Stock Rating Upgraded by Jefferies Financial Group

Invesco (NYSE:IVZ) was upgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on IVZ. The Goldman Sachs Group increased their target price on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore set a $31.00 price target on shares of Invesco in a research note on Monday, June 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research report on Thursday. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, BMO Capital Markets reduced their price objective 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. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and an average target price of $27.86.

Invesco Stock Performance

Invesco stock opened at $27.05 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $11.99 billion, a P/E ratio of -18.40, a PEG ratio of 0.60 and a beta of 1.62. The stock’s 50 day moving average is $27.25 and its 200 day moving average is $26.41. Invesco has a twelve month low of $16.49 and a twelve month high of $29.82.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share 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 the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. On average, equities research analysts predict that Invesco will post 2.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

A number of large investors have recently added to or reduced their stakes in IVZ. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco in the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP lifted its holdings in Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 6,341 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.