Invesco (NYSE:IVZ) Stock Rating Upgraded by Jefferies Financial Group

Invesco (NYSE:IVZ) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also recently issued reports on IVZ. TD Cowen lifted their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. decreased their price target on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 price target on shares of Invesco in a report on Thursday. BMO Capital Markets lowered their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Finally, Evercore set a $31.00 price target on shares of Invesco in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.86.

Invesco Stock Up 0.8%

Shares of NYSE:IVZ opened at $27.05 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $11.99 billion, a PE ratio of -18.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.62. The firm’s 50-day moving average is $27.25 and its two-hundred day moving average is $26.41. Invesco has a 1 year low of $16.49 and a 1 year high of $29.82.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.Invesco’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. Analysts predict that Invesco will post 2.59 EPS for the current year.

Institutional Investors Weigh In On Invesco

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC increased its position in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 374 shares during the last quarter. ANB Bank raised its position in shares of Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after purchasing an additional 375 shares during the period. Carrera Capital Advisors boosted its holdings in shares of Invesco by 3.7% during the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after acquiring an additional 408 shares during the period. Vise Technologies Inc. boosted its stake in Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock valued at $346,000 after purchasing an additional 425 shares during the period. Finally, EWA LLC grew its stake in shares of Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 452 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.