Invesco (NYSE:IVZ) Announces Quarterly Earnings Results

Invesco (NYSE:IVZ) issued its earnings results on Tuesday. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01), FiscalAI reports. The business 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 10.26% and a negative net margin of 6.92%.The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS.

Invesco Trading Up 2.0%

IVZ traded up $0.50 during midday trading on Tuesday, hitting $25.98. 625,534 shares of the company were exchanged, compared to its average volume of 5,880,423. The firm’s 50 day moving average price is $24.55 and its 200-day moving average price is $25.28. Invesco has a 1-year low of $13.46 and a 1-year high of $29.61. The firm has a market capitalization of $11.53 billion, a P/E ratio of -16.24, a P/E/G ratio of 0.63 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its stake in Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares during the period. AQR Capital Management LLC lifted its stake in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after buying an additional 584,035 shares during the period. Invesco Ltd. bought a new position in shares of Invesco during the 4th quarter worth approximately $230,391,000. Alliancebernstein L.P. boosted its holdings in shares of Invesco by 13.4% during the 2nd quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock worth $124,973,000 after buying an additional 939,365 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Invesco by 368.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock worth $176,782,000 after buying an additional 5,292,867 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore set a $27.00 price target on shares of Invesco in a report on Friday, April 10th. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Barclays restated a “negative” rating on shares of Invesco in a research report on Friday, April 17th. The Goldman Sachs Group lowered their price target on shares of Invesco from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $31.00 price target on shares of Invesco in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.11.

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.