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

Shares of Invesco Ltd. (NYSE:IVZ) have earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.5313.

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. BMO Capital Markets increased their target price on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Evercore ISI lifted their price target on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Fundamental Research set a $27.00 price objective on Invesco in a report on Friday, October 31st. Finally, Citigroup raised their price objective on Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th.

Insider Activity

In related news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the transaction, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. This trade represents a 99.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Capital A Wealth Management LLC raised its holdings in shares of Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares during the last quarter. CNB Bank purchased a new position in Invesco in the 3rd quarter worth $26,000. Root Financial Partners LLC acquired a new stake in Invesco during the 3rd quarter worth about $30,000. Sentry Investment Management LLC purchased a new stake in Invesco during the 3rd quarter valued at about $30,000. Finally, IFP Advisors Inc increased its holdings in shares of Invesco by 55.7% in the second quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 761 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Down 0.5%

IVZ opened at $26.83 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.66 and a beta of 1.66. Invesco has a 12 month low of $11.60 and a 12 month high of $27.48. The stock has a fifty day moving average price of $24.69 and a 200-day moving average price of $21.90.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Invesco’s payout ratio is presently 57.14%.

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.