Invesco (NYSE:IVZ) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Invesco (NYSE:IVZ) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities research analysts also recently issued reports on the company. Barclays increased their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday. BMO Capital Markets cut their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. JPMorgan Chase & Co. increased their target price on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday. Evercore set a $32.00 target price on Invesco in a report on Friday, July 10th. Finally, Morgan Stanley raised their price target on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.88.

Invesco Stock Performance

NYSE IVZ opened at $29.64 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $13.14 billion, a P/E ratio of -43.59, a P/E/G ratio of 0.47 and a beta of 1.62. Invesco has a 12-month low of $20.08 and a 12-month high of $31.02. The firm has a 50-day moving average price of $28.22 and a two-hundred day moving average price of $26.70.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.03%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts anticipate that Invesco will post 2.81 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, August 14th. This represents a $0.86 annualized dividend and a yield of 2.9%. Invesco’s dividend payout ratio is presently -126.47%.

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently modified their holdings of IVZ. SJS Investment Consulting Inc. raised its holdings in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after buying an additional 537 shares in the last quarter. American National Bank & Trust acquired a new stake in Invesco in the fourth quarter valued at about $31,000. Larson Financial Group LLC boosted its stake in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares in the last quarter. Torren Management LLC acquired a new position in Invesco during the fourth quarter worth about $44,000. Finally, Root Financial Partners LLC raised its stake in Invesco by 28.2% during the fourth 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 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.