Q1 2022 EPS Estimates for Invesco Ltd. (NYSE:IVZ) Lowered by Analyst

Invesco Ltd. (NYSE:IVZGet Rating) – Investment analysts at Jefferies Financial Group lowered their Q1 2022 earnings per share (EPS) estimates for Invesco in a note issued to investors on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.66. Jefferies Financial Group also issued estimates for Invesco’s FY2022 earnings at $2.73 EPS, Q1 2023 earnings at $0.68 EPS, Q2 2023 earnings at $0.74 EPS and FY2023 earnings at $3.05 EPS.

Several other equities analysts have also issued reports on IVZ. Deutsche Bank Aktiengesellschaft dropped their price objective on Invesco from $32.00 to $26.00 in a report on Thursday, April 7th. Royal Bank of Canada decreased their target price on shares of Invesco from $26.00 to $23.00 in a research note on Tuesday, January 25th. BMO Capital Markets decreased their target price on shares of Invesco from $33.00 to $29.00 and set an “outperform” rating for the company in a research note on Wednesday, January 26th. The Goldman Sachs Group increased their target price on shares of Invesco from $23.00 to $24.50 and gave the stock a “neutral” rating in a research note on Thursday, March 31st. Finally, Evercore ISI decreased their target price on shares of Invesco from $28.00 to $25.00 and set an “inline” rating for the company in a research note on Wednesday, January 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.29.

Shares of IVZ stock opened at $21.47 on Tuesday. The stock’s 50-day moving average is $21.69 and its two-hundred day moving average is $23.24. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.81 and a beta of 1.18. Invesco has a 1 year low of $18.42 and a 1 year high of $29.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.79 and a current ratio of 3.79.

Invesco (NYSE:IVZGet Rating) last issued its quarterly earnings data on Tuesday, January 25th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Invesco had a return on equity of 14.48% and a net margin of 23.64%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share.

Several hedge funds have recently bought and sold shares of the company. Cinctive Capital Management LP purchased a new position in shares of Invesco during the 3rd quarter worth approximately $5,531,000. Illinois Municipal Retirement Fund increased its stake in shares of Invesco by 25.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 85,698 shares of the asset manager’s stock worth $1,973,000 after purchasing an additional 17,499 shares in the last quarter. Proffitt & Goodson Inc. purchased a new position in shares of Invesco during the 3rd quarter worth approximately $528,000. Cetera Advisors LLC increased its stake in shares of Invesco by 65.1% during the 3rd quarter. Cetera Advisors LLC now owns 42,525 shares of the asset manager’s stock worth $1,025,000 after purchasing an additional 16,762 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Invesco by 6.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 148,002 shares of the asset manager’s stock worth $3,568,000 after purchasing an additional 9,364 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.

In related news, major shareholder Trian Fund Management, L.P. purchased 250,062 shares of Invesco stock in a transaction dated Monday, April 4th. The stock was bought at an average cost of $23.46 per share, for a total transaction of $5,866,454.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martin L. Flanagan sold 189,708 shares of Invesco stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $19.51, for a total transaction of $3,701,203.08. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 8,455,690 shares of company stock valued at $181,071,234. 1.94% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 2nd. Investors of record on Wednesday, February 16th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. Invesco’s payout ratio is currently 22.67%.

About Invesco (Get Rating)

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

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Earnings History and Estimates for Invesco (NYSE:IVZ)

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