Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of “Hold” by Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.5313.

A number of research firms have recently commented on IVZ. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Evercore ISI boosted their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Royal Bank Of Canada raised their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group lowered their price target on Invesco from $26.50 to $25.50 and set a “neutral” rating for the company in a report on Tuesday, November 25th.

Invesco Price Performance

Shares of IVZ stock opened at $26.83 on Tuesday. Invesco has a 52-week low of $11.60 and a 52-week high of $27.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $11.94 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.66 and a beta of 1.66. The stock has a 50 day moving average price of $24.69 and a 200 day moving average price of $21.90.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.44 EPS. Invesco’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, November 14th. Invesco’s dividend payout ratio is currently 57.14%.

Insider Activity

In other news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director owned 192 shares in the company, valued at approximately $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.21% of the company’s stock.

Institutional Trading of Invesco

Hedge funds have recently added to or reduced their stakes in the business. CNB Bank purchased a new position in Invesco during the 3rd quarter valued at about $26,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new position in shares of Invesco during the third quarter valued at approximately $30,000. Larson Financial Group LLC increased its holdings in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares during the period. Finally, Quent Capital LLC purchased a new position in Invesco during the third quarter valued at approximately $37,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.