Invesco Ltd. (NYSE:IVZ) Receives $30.12 Average PT from Analysts

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

IVZ has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Argus reaffirmed a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Evercore set a $35.00 target price on Invesco in a report on Monday. Jefferies Financial Group raised Invesco to a “hold” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group boosted their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th.

Institutional Trading of Invesco

A number of large investors have recently added to or reduced their stakes in IVZ. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco during the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after buying an additional 2,393 shares during the last quarter. Woodline Partners LP increased its stake in shares of Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 6,341 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

IVZ opened at $32.54 on Wednesday. The company has a fifty day moving average price of $29.05 and a two-hundred day moving average price of $26.91. The firm has a market capitalization of $14.43 billion, a PE ratio of -47.85, a P/E/G ratio of 0.52 and a beta of 1.62. Invesco has a 52 week low of $20.48 and a 52 week high of $32.66. 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 (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, analysts anticipate that Invesco will post 2.81 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.6%. Invesco’s dividend payout ratio (DPR) is currently -126.47%.

Invesco Company Profile

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.