Invesco Ltd. (NYSE:IVZ) Receives Consensus Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has received a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $27.2857.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. BMO Capital Markets lowered their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Morgan Stanley dropped their price target on Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. TD Cowen lifted their price objective on Invesco from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th.

Invesco Stock Performance

Shares of NYSE IVZ opened at $28.08 on Friday. The firm’s 50-day moving average price is $25.43 and its 200-day moving average price is $25.86. Invesco has a 52-week low of $14.15 and a 52-week high of $29.61. The company has a market cap of $12.45 billion, a PE ratio of -19.10, a PEG ratio of 0.62 and a beta of 1.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. As a group, analysts anticipate that Invesco will post 2.58 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is presently -58.50%.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank & Trust purchased a new stake in Invesco during the fourth quarter valued at approximately $31,000. SJS Investment Consulting Inc. grew its position in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 537 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Invesco during the 3rd quarter valued at $30,000. Larson Financial Group LLC increased its stake in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Finally, Torren Management LLC bought a new position in Invesco in the 4th quarter worth $44,000. Hedge funds and other 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.