Invesco (NYSE:IVZ) Now Covered by Analysts at Keefe, Bruyette & Woods

Equities research analysts at Keefe, Bruyette & Woods initiated coverage on shares of Invesco (NYSE:IVZ) in a research report issued on Wednesday. The brokerage set an “outperform” rating and a $39.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 21.30% from the stock’s previous close.

Several other analysts have also recently issued reports on IVZ. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. TD Cowen increased their target price on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Morgan Stanley raised their price target on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.46.

Invesco Trading Down 0.6%

Shares of IVZ stock traded down $0.19 during trading on Wednesday, hitting $32.15. 78,097 shares of the stock traded hands, compared to its average volume of 5,347,232. Invesco has a 52-week low of $20.67 and a 52-week high of $33.66. The firm has a market capitalization of $14.25 billion, a P/E ratio of -47.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63. The firm’s fifty day moving average price is $30.71 and its 200-day moving average price is $27.58. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31.

Invesco (NYSE:IVZ) last posted its 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. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. As a group, research analysts forecast that Invesco will post 2.82 earnings per share for the current fiscal year.

Institutional Trading of Invesco

Several institutional investors have recently modified their holdings of IVZ. California State Teachers Retirement System raised its position in shares of Invesco by 23.4% during the first quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock worth $10,140,000 after purchasing an additional 79,273 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Invesco by 2,633.1% in the 1st 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 during the period. Sonoma Allocations LLC acquired a new position in shares of Invesco in the 2nd quarter valued at $11,797,000. Principal Financial Group Inc. increased its stake in Invesco by 5.5% in the 1st 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Invesco by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 3,431,694 shares of the asset manager’s stock worth $83,356,000 after buying an additional 182,060 shares during the period. 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.