Analysts Set Invesco Ltd. (NYSE:IVZ) Target Price at $27.29

Shares of Invesco Ltd. (NYSE:IVZ) have been assigned a consensus 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 rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.2857.

IVZ has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Evercore set a $27.00 price objective on Invesco in a report on Friday, April 10th. BMO Capital Markets reduced 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. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th.

Institutional Investors Weigh In On Invesco

Institutional investors have recently made changes to their positions in the stock. American National Bank & Trust acquired a new position in Invesco in the fourth quarter valued at about $31,000. SJS Investment Consulting Inc. boosted its holdings in Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after buying an additional 537 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of Invesco during the 3rd quarter worth about $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 valued at $34,000 after acquiring an additional 558 shares during the last quarter. Finally, Torren Management LLC bought a new stake in shares of Invesco in the 4th quarter valued at about $44,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Down 0.1%

NYSE:IVZ opened at $27.60 on Friday. The stock’s fifty day moving average price is $25.61 and its two-hundred day moving average price is $25.92. Invesco has a 52-week low of $14.15 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $12.23 billion, a price-to-earnings ratio of -18.77, a P/E/G ratio of 0.62 and a beta of 1.60.

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

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. This is a boost from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

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.