Invesco (NYSE:IVZ) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Invesco (NYSE:IVZ) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Morgan Stanley set a $29.00 price objective on Invesco in a research report on Monday. Bank of America lifted their price target on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Argus set a $31.00 price target on shares of Invesco in a research report on Wednesday. TD Cowen set a $34.50 price objective on shares of Invesco in a research report on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment 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.com, the company has a consensus rating of “Hold” and an average target price of $27.93.

Invesco Price Performance

NYSE:IVZ opened at $27.72 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The firm has a market cap of $12.34 billion, a PE ratio of -17.32, a price-to-earnings-growth ratio of 0.47 and a beta of 1.65. Invesco has a 12 month low of $11.60 and a 12 month high of $29.61. The company’s 50-day moving average price is $26.87 and its two-hundred day moving average price is $23.78.

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

Invesco Announces Dividend

The firm 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 3.0%. The ex-dividend date is Friday, February 13th. Invesco’s dividend payout ratio is currently 57.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco during the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after buying an additional 2,393 shares during the last quarter. Woodline Partners LP grew its position in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Invesco by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 121,282 shares of the asset manager’s stock valued at $1,913,000 after acquiring an additional 973 shares during the period. Institutional investors and hedge funds 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.