Invesco (NYSE:IVZ) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Invesco (NYSE:IVZ) posted its earnings results on Tuesday. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. Invesco had a net margin of 14.15% and a return on equity of 9.11%. During the same period in the previous year, the company earned $0.52 EPS. The business’s revenue was up 6.1% on a year-over-year basis.

Invesco Trading Up 0.8%

IVZ stock opened at $28.63 on Tuesday. The company has a market cap of $12.74 billion, a P/E ratio of 19.48, a PEG ratio of 0.49 and a beta of 1.65. Invesco has a twelve month low of $11.60 and a twelve month high of $29.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $26.59 and a 200-day moving average of $23.66.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IVZ shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. TD Cowen reiterated a “buy” rating on shares of Invesco in a research report on Tuesday, January 13th. The Goldman Sachs Group set a $28.75 price objective on Invesco in a research note on Thursday, January 15th. Finally, Citigroup raised their target price on Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.42.

Insider Transactions at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares in the company, valued at $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVZ. Larson Financial Group LLC grew its position in shares of Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in Invesco by 151.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock valued at $47,000 after buying an additional 1,231 shares during the period. Kestra Investment Management LLC boosted its stake in Invesco by 672.0% in the second quarter. Kestra Investment Management LLC now owns 3,443 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 2,997 shares during the last quarter. Danske Bank A S acquired a new stake in Invesco during the 3rd quarter worth $69,000. Finally, Parallel Advisors LLC raised its position in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares during the last quarter. 66.09% of the stock is currently 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.