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 fifteen brokerages that are currently covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $29.1538.

Several research analysts have recently weighed in on IVZ shares. Argus reiterated a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Barclays upped their target price on shares of Invesco from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Evercore set a $32.00 price target on Invesco in a research note on Friday, July 10th. Finally, TD Cowen lifted their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th.

Invesco Stock Down 2.1%

Shares of Invesco stock opened at $29.67 on Friday. Invesco has a 1 year low of $17.71 and a 1 year high of $31.02. The business has a 50-day moving average of $27.77 and a two-hundred day moving average of $26.54. The company has a market capitalization of $13.15 billion, a P/E ratio of -20.19, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts predict that Invesco will post 2.75 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. Invesco’s dividend payout ratio is -58.50%.

Hedge Funds Weigh In On Invesco

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Invesco during the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Invesco by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after buying an additional 2,393 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 6,341 shares in 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.