Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of “Hold” by Analysts

Invesco Ltd. (NYSE:IVZ) has been given an average rating of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $29.1538.

IVZ has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. TD Cowen boosted their price target on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley raised their price objective on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research note on Thursday, July 2nd.

Hedge Funds Weigh In On Invesco

Several large investors have recently modified their holdings of IVZ. Wedge Capital Management L L P NC purchased a new stake in Invesco during the fourth quarter valued at $33,254,000. SG Americas Securities LLC boosted its position in Invesco by 2,834.7% in the fourth quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock worth $7,759,000 after purchasing an additional 285,288 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in Invesco by 1,165.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock worth $1,291,000 after purchasing an additional 45,260 shares during the last quarter. Park Capital Management LLC WI bought a new stake in shares of Invesco during the 4th quarter valued at about $1,204,000. Finally, Vanguard Group Inc. grew its stake in shares of Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after purchasing an additional 947,693 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ stock opened at $30.54 on Friday. The company’s fifty day moving average price is $27.88 and its 200-day moving average price is $26.62. The stock has a market cap of $13.54 billion, a PE ratio of -20.77, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco has a 12 month low of $20.08 and a 12 month high of $31.02.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts expect that Invesco will post 2.78 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 2.8%. Invesco’s dividend payout ratio is -58.50%.

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.