Invesco (NYSE:IVZ) Shares Down 4.6% – What’s Next?

Invesco Ltd. (NYSE:IVZGet Free Report) shares were down 4.6% during mid-day trading on Monday . The stock traded as low as $22.96 and last traded at $23.0240. Approximately 3,337,365 shares traded hands during trading, a decline of 41% from the average daily volume of 5,693,449 shares. The stock had previously closed at $24.14.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IVZ shares. Argus set a $31.00 price target on shares of Invesco in a research report on Wednesday, January 28th. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $28.04.

Get Our Latest Report on Invesco

Invesco Stock Performance

The stock’s 50-day simple moving average is $25.15 and its 200 day simple moving average is $25.14. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $10.66 billion, a PE ratio of -15.01, a P/E/G ratio of 0.46 and a beta of 1.66.

Invesco (NYSE:IVZGet Free Report) last announced its quarterly earnings data 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 negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

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

Institutional Investors Weigh In On Invesco

A number of large investors have recently modified their holdings of IVZ. Capital A Wealth Management LLC increased its position in shares of Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 1,633 shares during the last quarter. CNB Bank acquired a new stake in Invesco during the third quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in Invesco during the third quarter worth approximately $30,000. Sentry Investment Management LLC acquired a new stake in Invesco during the third quarter worth approximately $30,000. Finally, American National Bank & Trust acquired a new stake in Invesco during the fourth quarter worth approximately $31,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Company Profile

(Get Free Report)

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.

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