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

Invesco Ltd. (NYSE:IVZ) has earned an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.1538.

A number of analysts have commented on the stock. Morgan Stanley increased their price target on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday. BMO Capital Markets cut their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. reduced their price target on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Evercore set a $32.00 price target on Invesco in a research report on Friday, July 10th. Finally, The Goldman Sachs Group raised their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after buying an additional 947,693 shares during the period. State Street Corp grew its position in shares of Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after purchasing an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Invesco by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock valued at $518,836,000 after purchasing an additional 596,434 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Invesco by 5.3% during the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the period. Finally, Invesco Ltd. acquired a new stake in Invesco during the 4th quarter worth approximately $230,391,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Down 2.1%

Shares of Invesco stock opened at $29.67 on Friday. The stock has a market cap of $13.15 billion, a P/E ratio of -20.19, a P/E/G ratio of 0.50 and a beta of 1.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco has a 12-month low of $17.71 and a 12-month high of $31.02. The business’s 50 day moving average is $27.77 and its 200-day moving average is $26.54.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Equities research analysts predict that Invesco will post 2.75 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared 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 2.9%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

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.