Invesco (NYSE:IVZ) Rating Increased to Buy at Wall Street Zen

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

IVZ has been the topic of several other research reports. Citigroup upped their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Fundamental Research set a $27.00 price target on Invesco in a research note on Friday, October 31st. Bank of America increased their price target on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Royal Bank Of Canada boosted their price objective on Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Five analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.70.

Invesco Price Performance

Invesco stock opened at $28.61 on Friday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.52 and a beta of 1.65. Invesco has a 52-week low of $11.60 and a 52-week high of $28.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s 50 day moving average price is $25.43 and its two-hundred day moving average price is $22.65.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.17. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 9.11%. Invesco’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities analysts predict that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 annualized dividend and a yield of 2.9%. Invesco’s dividend payout ratio is 57.14%.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director directly owned 192 shares in the company, valued at approximately $4,523.52. This trade represents a 99.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Wedmont Private Capital grew its position in Invesco by 2.2% in the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after purchasing an additional 456 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Invesco by 0.6% in the third quarter. Wealthfront Advisers LLC now owns 85,723 shares of the asset manager’s stock valued at $1,966,000 after acquiring an additional 474 shares in the last quarter. CI Investments Inc. increased its position in shares of Invesco by 21.5% during the third quarter. CI Investments Inc. now owns 2,780 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 491 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Invesco by 4.1% during the third quarter. US Bancorp DE now owns 12,879 shares of the asset manager’s stock worth $295,000 after acquiring an additional 510 shares during the period. 66.09% of the stock is owned by institutional investors.

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.