Brokerages Set Invesco Ltd. (NYSE:IVZ) Price Target at $30.88

Shares of Invesco Ltd. (NYSE:IVZ) have received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $30.8846.

IVZ has been the subject of several research reports. Morgan Stanley lifted their price target on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. TD Cowen raised their price objective on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada cut Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price for the company. in a research report on Thursday, August 13th. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th.

Invesco Price Performance

Shares of NYSE:IVZ opened at $32.33 on Friday. The firm’s 50 day moving average is $30.71 and its two-hundred day moving average is $27.58. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $14.33 billion, a P/E ratio of -47.55, a PEG ratio of 0.48 and a beta of 1.63. Invesco has a 52 week low of $20.67 and a 52 week high of $33.66.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. Invesco’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. Analysts anticipate that Invesco will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were paid a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco’s dividend payout ratio (DPR) is presently -126.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its holdings in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC raised its holdings in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares during the last quarter. Continuum Advisory LLC purchased a new position in Invesco in the 2nd quarter worth approximately $39,000. Root Financial Partners LLC lifted its stake in 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 purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Invesco by 171.0% during the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock worth $45,000 after purchasing an additional 1,173 shares during the last quarter. Institutional investors and hedge funds 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.