Invesco (NYSE:IVZ) Price Target Raised to $32.00

Invesco (NYSE:IVZ) had its price target hoisted by Argus from $27.00 to $32.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Several other analysts have also recently issued reports on IVZ. TD Cowen set a $34.50 price objective on shares of Invesco in a research note on Wednesday. The Goldman Sachs Group boosted their target price on Invesco from $28.75 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Bank of America lifted their price objective on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada upgraded Invesco from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $35.00 in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.93.

Invesco Stock Performance

NYSE IVZ opened at $27.27 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $26.95 and its 200-day simple moving average is $23.85. The company has a market cap of $12.14 billion, a PE ratio of -17.04, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65. Invesco has a 1-year low of $11.60 and a 1-year high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, February 13th. Invesco’s payout ratio is -52.50%.

Institutional Investors Weigh In On Invesco

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after purchasing an additional 947,693 shares during the period. State Street Corp lifted its stake in Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after acquiring an additional 319,104 shares in the last quarter. AQR Capital Management LLC grew its position in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Invesco by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock valued at $174,816,000 after acquiring an additional 88,094 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.