Invesco (NYSE:IVZ) Upgraded at Wall Street Zen

Invesco (NYSE:IVZ) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also commented on IVZ. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Fundamental Research set a $27.00 target price on shares of Invesco in a research report on Friday, October 31st. Evercore ISI lifted their target price on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Morgan Stanley increased their price target on shares of Invesco from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada raised their price objective on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average price target of $24.70.

Invesco Trading Up 1.2%

NYSE IVZ opened at $28.61 on Friday. The firm’s fifty day moving average price is $25.43 and its 200 day moving average price is $22.60. Invesco has a 12 month low of $11.60 and a 12 month high of $28.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.65.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.17 billion. During the same quarter last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Invesco will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction 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 represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC raised its stake in shares of Invesco by 4,802.9% during the 2nd 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 in the last quarter. CNB Bank acquired a new position in Invesco during the third quarter worth $26,000. Root Financial Partners LLC purchased a new position in Invesco in the third quarter worth $30,000. Sentry Investment Management LLC purchased a new position in Invesco in the third quarter worth $30,000. Finally, IFP Advisors Inc lifted its holdings in 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 acquiring an additional 761 shares during the period. 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.