Invesco (NYSE:IVZ) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Invesco (NYSE:IVZ) released its quarterly earnings results on Tuesday. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04, FiscalAI reports. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 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 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS.

Invesco Stock Performance

Shares of IVZ stock opened at $30.12 on Tuesday. The firm’s 50 day moving average is $28.04 and its 200 day moving average is $26.67. The stock has a market capitalization of $13.35 billion, a P/E ratio of -20.48, a PEG ratio of 0.49 and a beta of 1.62. Invesco has a 12 month low of $20.08 and a 12 month high of $31.02. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01.

Hedge Funds Weigh In On Invesco

Large investors have recently made changes to their positions in the stock. Orion Porfolio Solutions LLC purchased a new stake in Invesco during the 4th quarter worth about $266,000. Keel Point LLC purchased a new stake in shares of Invesco in the fourth quarter worth about $218,000. AlphaCentric Advisors LLC bought a new position in shares of Invesco in the fourth quarter valued at approximately $183,000. Empowered Funds LLC purchased a new position in Invesco during the fourth quarter valued at approximately $139,000. Finally, Zions Bancorporation National Association UT increased its holdings in Invesco by 13.7% during the 4th quarter. Zions Bancorporation National Association UT now owns 4,636 shares of the asset manager’s stock worth $122,000 after acquiring an additional 560 shares during the period. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IVZ has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. cut their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada increased their price target on Invesco from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore set a $32.00 price objective on Invesco in a research report on Friday, July 10th. Finally, Morgan Stanley raised their target price on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average target price of $29.31.

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.