Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $28.4643.

Several equities research analysts have recently issued reports on IVZ shares. The Goldman Sachs Group raised their target price on shares of Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Fundamental Research set a $27.00 price objective on shares of Invesco in a research note on Friday, October 31st. Barclays cut their target price on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and increased their price target for the stock from $26.00 to $31.00 in a report on Wednesday, December 17th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC grew its stake in Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after acquiring an additional 1,633 shares in the last quarter. CNB Bank purchased a new stake in shares of Invesco in the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Invesco in the third quarter valued at approximately $30,000. Sentry Investment Management LLC bought a new position in Invesco in the third quarter worth approximately $30,000. Finally, American National Bank & Trust purchased a new position in Invesco during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of Invesco stock opened at $26.41 on Wednesday. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of -16.51, a price-to-earnings-growth ratio of 0.48 and a beta of 1.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day moving average price of $27.37 and a 200-day moving average price of $24.44. Invesco has a one year low of $11.60 and a one year high of $29.61.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.Invesco’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities analysts expect that Invesco will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 13th. Invesco’s dividend payout ratio (DPR) is -52.50%.

About Invesco

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.