Invesco Ltd. (NYSE:IVZ) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts are cautious on Invesco: The stock has a consensus rating of "Hold" from 15 brokerages, with 11 hold ratings and 4 buy ratings. The average 1-year price target is about $29.15.
• Recent earnings were mixed: Invesco reported $0.57 EPS, slightly below estimates of $0.58, while quarterly revenue of $1.26 billion also came in just under expectations. Revenue still rose 14% year over year.
• The company raised its dividend: Invesco paid a quarterly dividend of $0.215 per share, up from $0.21 previously, putting the annualized dividend at $0.86 and the yield at about 2.9%.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given an average recommendation of "Hold" by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $29.1538.

Several research analysts have recently weighed in on IVZ shares. Argus reiterated a "hold" rating on shares of Invesco in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Invesco from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, April 24th. Barclays upped their target price on shares of Invesco from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Evercore set a $32.00 price target on Invesco in a research note on Friday, July 10th. Finally, TD Cowen lifted their price target on Invesco from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, June 8th.

Invesco Stock Down 2.1%

Shares of Invesco stock opened at $29.67 on Friday. Invesco has a 1 year low of $17.71 and a 1 year high of $31.02. The business has a 50-day moving average of $27.77 and a two-hundred day moving average of $26.54. The company has a market capitalization of $13.15 billion, a P/E ratio of -20.19, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts' consensus estimates 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 business 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 business earned $0.44 EPS. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts predict that Invesco will post 2.75 EPS for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. Invesco's dividend payout ratio is -58.50%.

Hedge Funds Weigh In On Invesco

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Invesco during the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Invesco by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager's stock worth $543,000 after buying an additional 2,393 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock worth $574,000 after buying an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager's stock valued at $15,878,000 after acquiring an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Invesco by 6.6% in the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager's stock valued at $1,615,000 after acquiring an additional 6,341 shares in the last quarter. 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.

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