Invesco (NYSE:IVZ) Stock Price Down 4.6% – Should You Sell?

Invesco Ltd. (NYSE:IVZ)’s stock price traded down 4.6% during trading on Monday . The company traded as low as $22.96 and last traded at $23.0240. 3,337,365 shares were traded during trading, a decline of 41% from the average session volume of 5,693,449 shares. The stock had previously closed at $24.14.

Analyst Ratings Changes

Several analysts have recently commented on IVZ shares. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Morgan Stanley decreased their price objective on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Finally, Argus set a $31.00 price target on Invesco in a report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.25.

Invesco Trading Down 5.7%

The company has a market capitalization of $10.10 billion, a P/E ratio of -14.22, a PEG ratio of 0.46 and a beta of 1.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The business’s 50-day moving average price is $25.36 and its two-hundred day moving average price is $25.13.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, February 13th. Invesco’s payout ratio is -52.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. Hsbc Holdings PLC raised its holdings in shares of Invesco by 36.3% during the fourth quarter. Hsbc Holdings PLC now owns 431,088 shares of the asset manager’s stock worth $11,386,000 after acquiring an additional 114,851 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Invesco by 29.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,361 shares of the asset manager’s stock worth $115,000 after purchasing an additional 992 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Invesco by 57.1% during the 4th quarter. Corient Private Wealth LLC now owns 87,641 shares of the asset manager’s stock worth $2,302,000 after purchasing an additional 31,856 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Invesco in the 4th quarter valued at about $95,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Invesco in the fourth quarter valued at about $79,000. Institutional investors and hedge funds 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.