Invesco (NYSE:IVZ) Stock Rating Upgraded by Zacks Research

Invesco (NYSE:IVZ) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on IVZ. Barclays raised their price objective on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on shares of Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, 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 research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.88.

Invesco Trading Up 0.8%

NYSE IVZ opened at $29.64 on Thursday. Invesco has a 12 month low of $20.08 and a 12 month high of $31.02. The stock has a market cap of $13.14 billion, a P/E ratio of -43.59, a P/E/G ratio of 0.47 and a beta of 1.62. The stock’s fifty day moving average price is $28.22 and its 200-day moving average price is $26.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.79.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share 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 positive return on equity of 12.03% and a negative net margin of 0.93%.The company’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. As a group, equities analysts forecast that Invesco will post 2.81 EPS for the current fiscal year.

Institutional Trading of Invesco

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

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.