Invesco (NYSE:IVZ) Upgraded at Wall Street Zen

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

A number of other research firms also recently weighed in on IVZ. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley increased their price objective on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Argus reissued a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.88.

Invesco Price Performance

Shares of NYSE:IVZ opened at $30.90 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. The company has a market cap of $13.70 billion, a P/E ratio of -45.44, a PEG ratio of 0.47 and a beta of 1.62. Invesco has a 52 week low of $20.41 and a 52 week high of $31.02. The company has a 50-day moving average price of $28.30 and a 200 day moving average price of $26.71.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Research analysts predict that Invesco will post 2.81 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s dividend payout ratio (DPR) is presently -126.47%.

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently bought and sold shares of IVZ. Vanguard Group Inc. increased its position in shares of Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares in the last quarter. State Street Corp boosted its position in shares of Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after buying an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Invesco by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock worth $518,836,000 after buying an additional 596,434 shares in the last quarter. AQR Capital Management LLC grew its stake in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Invesco in the 4th quarter valued at about $230,391,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.