Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Invesco Ltd. (NYSE:IVZ) has earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.9333.

A number of research analysts have recently commented on IVZ shares. Evercore ISI boosted their target price on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. BMO Capital Markets lifted their price target on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Invesco from $28.75 to $29.50 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada cut their price target on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after acquiring an additional 947,693 shares during the last quarter. State Street Corp raised its stake in shares of Invesco by 1.5% in the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after purchasing an additional 332,340 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after purchasing an additional 319,104 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Invesco by 5.3% during the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after purchasing an additional 584,035 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Invesco by 0.8% in the second quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after purchasing an additional 88,094 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $27.27 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.23 and a quick ratio of 1.23. Invesco has a 1-year low of $11.60 and a 1-year high of $29.61. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of -17.04, a PEG ratio of 0.50 and a beta of 1.65. The business has a 50-day moving average of $26.95 and a 200-day moving average of $23.85.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.Invesco’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

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.