Invesco Ltd. (NYSE:IVZ) Receives $27.64 Average PT from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.6429.

A number of analysts recently issued reports on IVZ shares. Weiss Ratings downgraded shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Morgan Stanley decreased their price objective on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. The Goldman Sachs Group raised their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, BMO Capital Markets decreased their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th.

Invesco Stock Down 0.5%

IVZ opened at $25.84 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50-day moving average is $27.06 and its 200 day moving average is $26.41. Invesco has a fifty-two week low of $15.30 and a fifty-two week high of $29.82. The firm has a market capitalization of $11.45 billion, a P/E ratio of -17.58, a PEG ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts expect that Invesco will post 2.57 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is -58.50%.

Hedge Funds Weigh In On Invesco

Several large investors have recently modified their holdings of the business. Rathbones Group PLC increased its stake in shares of Invesco by 1.1% in the first quarter. Rathbones Group PLC now owns 172,380 shares of the asset manager’s stock worth $4,187,000 after purchasing an additional 1,900 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco by 759.7% in the first quarter. NewEdge Advisors LLC now owns 67,503 shares of the asset manager’s stock worth $1,640,000 after purchasing an additional 59,651 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Invesco by 5.9% in the first quarter. Glenmede Trust Co. NA now owns 16,747 shares of the asset manager’s stock worth $407,000 after purchasing an additional 940 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Invesco by 28.9% in the first quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager’s stock worth $64,473,000 after purchasing an additional 595,797 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Invesco in the first quarter worth about $312,000. Hedge funds and other institutional investors 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.