Invesco (NYSE:IVZ) Stock Rating Raised to Strong-Buy at UBS Group

UBS Group upgraded shares of Invesco (NYSE:IVZ) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks reports.

A number of other research firms have also weighed in on IVZ. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Royal Bank Of Canada lowered Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Thursday, August 13th. Evercore set a $35.00 price objective on Invesco in a research note on Monday, August 10th. Morgan Stanley raised their price target on shares of Invesco from $30.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. Finally, Wall Street Zen lowered Invesco from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $33.27.

Invesco Stock Performance

Shares of IVZ stock opened at $30.07 on Tuesday. The firm has a market capitalization of $13.33 billion, a PE ratio of -44.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.65. The firm has a fifty day simple moving average of $31.56 and a two-hundred day simple moving average of $28.52. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco has a 12 month low of $20.67 and a 12 month high of $33.66.

Invesco (NYSE:IVZ) last released 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Analysts forecast that Invesco will post 2.83 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were paid a dividend of $0.2150 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.9%. Invesco’s dividend payout ratio (DPR) is -126.47%.

Insider Buying and Selling at Invesco

In related news, Director Phoebe Wood sold 3,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $32.44, for a total transaction of $97,320.00. Following the transaction, the director owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the sale, the director owned 812,477 shares of the company’s stock, valued at approximately $26,161,759.40. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 222,540 shares of company stock worth $7,227,167 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Invesco

Several large investors have recently modified their holdings of IVZ. SJS Investment Consulting Inc. lifted its holdings in Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after buying an additional 537 shares during the period. Elevation Wealth Partners LLC increased its stake in shares of Invesco by 141.1% during the third quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock valued at $30,000 after buying an additional 591 shares during the period. Continuum Advisory LLC bought a new position in shares of Invesco during the second quarter valued at approximately $39,000. Blue Trust Inc. raised its holdings in shares of Invesco by 171.0% during the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 1,173 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Invesco by 389.6% in the first quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager’s stock worth $46,000 after acquiring an additional 1,492 shares during the period. 66.09% of the stock is owned by institutional investors.

About Invesco

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.