Invesco (NYSE:IVZ) Issues Quarterly Earnings Results

Invesco (NYSE:IVZ) issued its quarterly earnings results on Tuesday. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04, FiscalAI reports. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis.

Invesco Price Performance

IVZ stock opened at $30.09 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 $28.04 and its 200-day moving average is $26.67. The stock has a market capitalization of $13.34 billion, a PE ratio of -20.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.62. Invesco has a 1 year low of $20.08 and a 1 year high of $31.02.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Invesco from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Argus reaffirmed a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. The Goldman Sachs Group increased their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average price target of $29.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IVZ. Larson Financial Group LLC boosted its holdings in Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Invesco during the fourth quarter valued at approximately $46,000. Brown Brothers Harriman & Co. raised its position in shares of Invesco by 151.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock worth $47,000 after purchasing an additional 1,231 shares during the period. Kestra Investment Management LLC raised its position in shares of Invesco by 672.0% during the second quarter. Kestra Investment Management LLC now owns 3,443 shares of the asset manager’s stock worth $54,000 after purchasing an additional 2,997 shares during the period. Finally, Danske Bank A S bought a new position in shares of Invesco in the 3rd quarter worth $69,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.