Invesco (NYSE:IVZ) Given New $27.00 Price Target at The Goldman Sachs Group

Invesco (NYSE:IVZ) had its target price cut by The Goldman Sachs Group from $30.00 to $27.00 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Royal Bank Of Canada decreased their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Argus set a $31.00 target price on Invesco in a research note on Wednesday, January 28th. TD Cowen set a $34.50 price objective on Invesco in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $28.04.

Invesco Price Performance

IVZ stock opened at $22.77 on Tuesday. The business has a 50 day moving average price of $25.15 and a 200 day moving average price of $25.14. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of -14.23, a PEG ratio of 0.46 and a beta of 1.66. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities research analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in Invesco by 36.3% during the fourth quarter. Hsbc Holdings PLC now owns 431,088 shares of the asset manager’s stock worth $11,386,000 after acquiring an additional 114,851 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Invesco by 29.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,361 shares of the asset manager’s stock worth $115,000 after acquiring an additional 992 shares during the period. Corient Private Wealth LLC grew its holdings in Invesco by 57.1% during the fourth quarter. Corient Private Wealth LLC now owns 87,641 shares of the asset manager’s stock worth $2,302,000 after acquiring an additional 31,856 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Invesco during the fourth quarter worth $95,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Invesco during the fourth quarter worth $79,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.