Invesco Ltd. (NYSE:IVZ) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Invesco, with 11 hold ratings, three buys and one strong buy among 15 analysts. The average 12-month price target is approximately $30.88.
• Invesco reported quarterly EPS of $0.71, exceeding estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion.
• The company declared a quarterly dividend of $0.215 per share, or $0.86 annualized, representing a 2.6% yield; institutional investors own 66.09% of its stock.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have earned a consensus recommendation of "Hold" from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $30.8846.

IVZ has been the subject of several recent research reports. Jefferies Financial Group raised shares of Invesco to a "hold" rating in a research note on Tuesday, June 30th. Weiss Ratings raised Invesco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 29th. Morgan Stanley boosted their target price on Invesco from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Friday, July 17th. TD Cowen boosted their price objective on Invesco from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Invesco from $29.00 to $29.50 and gave the company a "neutral" rating in a report on Wednesday, July 29th.

Invesco Stock Up 1.3%

Invesco stock opened at $33.13 on Friday. Invesco has a fifty-two week low of $20.67 and a fifty-two week high of $33.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a 50 day moving average price of $30.45 and a 200 day moving average price of $27.49. The company has a market capitalization of $14.69 billion, a PE ratio of -48.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm's revenue was up 20.5% compared to the same quarter last year. Research analysts expect that Invesco will post 2.82 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 14th. Invesco's dividend payout ratio is -126.47%.

Institutional Investors Weigh In On Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in IVZ. SJS Investment Consulting Inc. increased its stake in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC lifted its position in Invesco by 61.5% in the third 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. Continuum Advisory LLC acquired a new position in Invesco in the second quarter valued at $39,000. Root Financial Partners LLC grew its holdings in shares of Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Invesco during the fourth quarter worth about $46,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source