Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $29.15

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.1538.

A number of analysts have recently commented on IVZ shares. Evercore set a $32.00 price objective on shares of Invesco in a research report on Friday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 target price on shares of Invesco in a research report on Thursday, July 2nd. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th.

Institutional Trading of Invesco

Several large investors have recently bought and sold shares of IVZ. Root Financial Partners LLC increased its stake in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after buying an additional 374 shares during the last quarter. ANB Bank grew its holdings in shares of Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after acquiring an additional 375 shares in the last quarter. Carrera Capital Advisors grew its holdings in shares of Invesco by 3.7% in the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 408 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Invesco by 3.3% during the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 425 shares during the last quarter. Finally, EWA LLC increased its position in shares of Invesco by 3.8% during the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 452 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Trading Up 0.1%

NYSE IVZ opened at $29.67 on Friday. Invesco has a one year low of $20.00 and a one year high of $31.02. 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 firm has a market cap of $13.15 billion, a P/E ratio of -20.18, a P/E/G ratio of 0.48 and a beta of 1.62. The stock’s 50-day moving average is $27.80 and its 200-day moving average is $26.56.

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 the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Sell-side analysts anticipate that Invesco will post 2.78 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

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.