Invesco Ltd. (NYSE:IVZ) Receives $24.53 Consensus Price Target from Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.5313.

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Royal Bank Of Canada upped their target price on Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. BMO Capital Markets raised their price target on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Citigroup boosted their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Finally, Wall Street Zen downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the transaction, the director owned 192 shares in the company, valued at $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Invesco

Several large investors have recently made changes to their positions in IVZ. Vanguard Group Inc. raised its position in Invesco by 1.2% during the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after acquiring an additional 593,140 shares in the last quarter. State Street Corp increased its stake in shares of Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 Stock Performance

Invesco stock opened at $26.93 on Tuesday. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $27.48. The firm’s 50 day simple moving average is $24.98 and its 200-day simple moving average is $22.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $11.99 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.49 and a beta of 1.65.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

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.