Invesco’s (IVZ) “Hold” Rating Reiterated at Argus

Argus restated their hold rating on shares of Invesco (NYSE:IVZ) in a report published on Wednesday, MarketBeat.com reports.

Several other brokerages have also commented on IVZ. BMO Capital Markets lowered their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Barclays raised their price objective on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.29.

Invesco Stock Performance

Shares of IVZ stock opened at $25.92 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of -17.63, a PEG ratio of 0.60 and a beta of 1.60. The stock has a fifty day moving average of $24.52 and a 200 day moving average of $25.31. Invesco has a 52 week low of $14.04 and a 52 week high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. As a group, research analysts expect that Invesco will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.215 per share. The ex-dividend date is 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 3.3%. Invesco’s dividend payout ratio is -57.14%.

Institutional Investors Weigh In On Invesco

Several large investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Invesco by 15.5% in the 1st quarter. Fifth Third Bancorp now owns 25,406 shares of the asset manager’s stock worth $617,000 after buying an additional 3,402 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Invesco by 56.4% in the 1st quarter. Hsbc Holdings PLC now owns 674,037 shares of the asset manager’s stock worth $16,380,000 after buying an additional 242,949 shares in the last quarter. Ibex Wealth Advisors increased its holdings in Invesco by 1,532.3% in the 1st quarter. Ibex Wealth Advisors now owns 271,581 shares of the asset manager’s stock worth $6,597,000 after buying an additional 254,943 shares in the last quarter. Jackson Thornton Wealth Management LLC increased its holdings in Invesco by 5.8% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 12,661 shares of the asset manager’s stock worth $299,000 after buying an additional 697 shares in the last quarter. Finally, DGS Capital Management LLC increased its holdings in Invesco by 10.4% in the 1st quarter. DGS Capital Management LLC now owns 17,220 shares of the asset manager’s stock worth $418,000 after buying an additional 1,619 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

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.