Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have earned an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $28.4643.

IVZ has been the subject of several recent research reports. Royal Bank Of Canada dropped their target price on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets raised their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp increased its holdings in shares of Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Invesco by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after purchasing an additional 319,104 shares during the period. AQR Capital Management LLC raised its position in shares of Invesco by 5.3% during the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock valued at $174,816,000 after purchasing an additional 88,094 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Up 0.3%

NYSE IVZ opened at $22.98 on Friday. The stock has a fifty day moving average of $26.82 and a 200-day moving average of $24.94. The stock has a market capitalization of $10.19 billion, a P/E ratio of -14.36, a price-to-earnings-growth ratio of 0.44 and a beta of 1.68. Invesco has a 52 week low of $11.60 and a 52 week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were issued a $0.21 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.7%. Invesco’s dividend payout ratio (DPR) is -52.50%.

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.