Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Analysts

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.2857.

Several analysts recently weighed in on the stock. Evercore set a $27.00 price target on shares of Invesco in a report on Friday, April 10th. The Goldman Sachs Group upped their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, BMO Capital Markets reduced their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the last quarter. ANB Bank raised its stake in shares of Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after purchasing an additional 375 shares during the last quarter. Carrera Capital Advisors lifted its holdings in shares of Invesco by 3.7% during the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after purchasing an additional 408 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC boosted its position in shares of Invesco by 3.8% during the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after buying an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Trading Up 1.7%

NYSE IVZ opened at $28.08 on Friday. Invesco has a fifty-two week low of $14.15 and a fifty-two week high of $29.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day simple moving average of $25.43 and a two-hundred day simple moving average of $25.86. The stock has a market cap of $12.45 billion, a P/E ratio of -19.10, a price-to-earnings-growth ratio of 0.62 and a beta of 1.60.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts forecast that Invesco will post 2.58 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.215 per share. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

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.