Invesco (NYSE:IVZ) Stock Rating Upgraded by Jefferies Financial Group

Invesco (NYSE:IVZ) was upgraded by analysts at Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on IVZ. JPMorgan Chase & Co. reduced their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group raised their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Morgan Stanley boosted their price objective on shares of Invesco from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, TD Cowen upped their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.86.

Invesco Stock Up 0.8%

Shares of NYSE:IVZ opened at $27.05 on Tuesday. Invesco has a 1 year low of $16.49 and a 1 year high of $29.82. The company has a market cap of $11.99 billion, a PE ratio of -18.40, a P/E/G ratio of 0.60 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s 50-day moving average is $27.25 and its 200 day moving average is $26.41.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that Invesco will post 2.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SJS Investment Consulting Inc. lifted its position in Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after buying an additional 537 shares during the period. American National Bank & Trust purchased a new stake in shares of Invesco in the 4th quarter worth about $31,000. Larson Financial Group LLC grew its position in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares during the period. Torren Management LLC bought a new position in shares of Invesco in the 4th quarter worth about $44,000. Finally, Root Financial Partners LLC increased its stake in shares of Invesco by 28.2% in the 4th 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. Hedge funds and other 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.