Brokerages Set Invesco Ltd. (NYSE:IVZ) PT at $30.12

Invesco Ltd. (NYSE:IVZ) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.8846.

A number of equities analysts have weighed in on IVZ shares. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Royal Bank Of Canada lowered shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price target for the company. in a report on Thursday. TD Cowen boosted their price objective on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Barclays upped their price objective on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $32.54 on Wednesday. The business has a fifty day moving average of $29.05 and a 200-day moving average of $26.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Invesco has a twelve month low of $20.48 and a twelve month high of $32.66. The firm has a market cap of $14.43 billion, a PE ratio of -47.85, a price-to-earnings-growth ratio of 0.52 and a beta of 1.62.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts predict that Invesco will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.6%. Invesco’s payout ratio is presently -126.47%.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently added to or reduced their stakes in IVZ. California State Teachers Retirement System boosted its stake in Invesco by 23.4% during the 1st quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock worth $10,140,000 after acquiring an additional 79,273 shares during the last quarter. Vanguard Group Inc. grew its holdings in Invesco by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after purchasing an additional 947,693 shares during the period. F m Investments LLC bought a new stake in Invesco in the fourth quarter valued at approximately $1,593,000. Teachers Retirement System of The State of Kentucky increased its stake in Invesco by 2,633.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 960,441 shares of the asset manager’s stock valued at $23,330,000 after purchasing an additional 925,300 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Invesco by 5.5% in the first quarter. Principal Financial Group Inc. now owns 824,547 shares of the asset manager’s stock worth $20,028,000 after purchasing an additional 43,322 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.