Invesco Ltd. (NYSE:IVZ) Receives Average Rating of “Hold” from Analysts

Shares of Invesco Ltd. (NYSE:IVZ) have received an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.6429.

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research note on Tuesday, April 21st. Weiss Ratings cut shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $28.74 on Tuesday. The firm’s 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco has a one year low of $14.51 and a one year high of $29.82. The firm has a market cap of $12.74 billion, a PE ratio of -19.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.60.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts predict that Invesco will post 2.57 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.215 dividend. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. Invesco’s dividend payout ratio (DPR) is -58.50%.

Institutional Trading of Invesco

Large investors have recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new position in Invesco in the 4th quarter worth approximately $31,000. SJS Investment Consulting Inc. lifted its stake in Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 537 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Invesco in the fourth quarter worth $44,000. Finally, Root Financial Partners LLC increased its stake in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.