Invesco (IVZ) to Release Earnings on Tuesday

Invesco (NYSE:IVZ) will release its earnings data before the market opens on Tuesday, April 23rd. Analysts expect Invesco to post earnings of $0.40 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts expect Invesco to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invesco Stock Performance

Shares of IVZ opened at $15.18 on Tuesday. The stock’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $15.39. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of -20.51, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Friday, February 16th were issued a $0.20 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.27%. Invesco’s payout ratio is currently -108.11%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. UBS Group lowered their price target on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. Wells Fargo & Company lowered their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Morgan Stanley lowered their price target on Invesco from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their price objective on Invesco from $21.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.38.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently bought and sold shares of IVZ. State Street Corp grew its position in Invesco by 58.2% during the 3rd quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock worth $348,174,000 after acquiring an additional 9,345,810 shares during the last quarter. Trian Fund Management L.P. grew its position in shares of Invesco by 18.8% in the 1st quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after buying an additional 8,560,175 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Invesco by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock worth $1,201,550,000 after buying an additional 6,384,917 shares during the last quarter. Norges Bank bought a new stake in shares of Invesco in the 4th quarter worth approximately $58,133,000. Finally, BlackRock Inc. grew its position in shares of Invesco by 5.6% in the 1st quarter. BlackRock Inc. now owns 47,752,801 shares of the asset manager’s stock worth $783,146,000 after buying an additional 2,528,731 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.