Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $28.46

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.4643.

Several equities analysts have recently commented on the company. Morgan Stanley set a $29.00 price objective on Invesco in a research report on Monday, January 26th. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Royal Bank Of Canada cut their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Barclays reduced their price target on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. bought a new stake in Invesco in the 4th quarter worth $230,391,000. Price T Rowe Associates Inc. MD raised its stake in shares of Invesco by 368.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock valued at $176,782,000 after acquiring an additional 5,292,867 shares during the last quarter. Norges Bank bought a new position in shares of Invesco during the fourth quarter valued at about $102,523,000. First Trust Advisors LP boosted its holdings in shares of Invesco by 5,065.4% during the second quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock worth $53,317,000 after purchasing an additional 3,315,480 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of Invesco in the third quarter worth about $55,719,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $23.74 on Friday. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a fifty day moving average of $26.62 and a 200-day moving average of $24.98. The company has a market capitalization of $10.53 billion, a P/E ratio of -14.84, a P/E/G ratio of 0.44 and a beta of 1.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio is -52.50%.

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.