Invesco (NYSE:IVZ) Upgraded at UBS Group

UBS Group upgraded shares of Invesco (NYSE:IVZ) to a strong-buy rating in a report published on Tuesday,Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Barclays lifted their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a research note on Friday, September 25th. TD Cowen raised their target price on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.27.

Invesco Trading Down 1.4%

Shares of Invesco stock opened at $30.07 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a fifty day simple moving average of $31.56 and a 200 day simple moving average of $28.52. Invesco has a 12-month low of $20.67 and a 12-month high of $33.66. The company has a market capitalization of $13.33 billion, a P/E ratio of -44.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.65.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Invesco will post 2.83 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 14th. Invesco’s dividend payout ratio is currently -126.47%.

Insider Transactions at Invesco

In related news, Director Andrew Tak Shing Lo sold 100,840 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $32.20, for a total value of $3,247,048.00. Following the sale, the director directly owned 812,477 shares in the company, valued at approximately $26,161,759.40. The trade was a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephanie Butcher sold 45,095 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the sale, the director directly owned 10,205 shares in the company, valued at approximately $329,417.40. This trade represents a 81.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,540 shares of company stock worth $7,227,167 over the last 90 days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Invesco

Several large investors have recently modified their holdings of IVZ. LifeGoal Investments LLC bought a new stake in shares of Invesco in the third quarter valued at approximately $232,000. GAMMA Investing LLC boosted its holdings in Invesco by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 41,904 shares of the asset manager’s stock worth $1,264,000 after buying an additional 2,248 shares during the period. Farther Finance Advisors LLC grew its stake in Invesco by 14.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 28,022 shares of the asset manager’s stock valued at $845,000 after buying an additional 3,642 shares in the last quarter. Everhart Financial Group Inc. purchased a new position in Invesco in the 3rd quarter valued at approximately $274,000. Finally, Elevation Wealth Partners LLC grew its stake in Invesco by 141.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,010 shares of the asset manager’s stock valued at $30,000 after buying an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm that provides investment products and services to individuals, financial advisers, institutions and other clients. The company manages assets across public and private markets and serves clients through a range of investment strategies.

Its offerings include exchange-traded funds, mutual funds, separately managed accounts, institutional mandates and alternative investments. Invesco provides exposure to equities, fixed income, commodities, multi-asset strategies and other asset classes, with both actively managed and index-based investment solutions.

Headquartered in Atlanta, Georgia, Invesco serves clients across North America, Europe, Asia-Pacific and other international markets through offices and investment teams around the world.