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

Key Points

• Invesco carries a consensus “Hold” rating among 15 analysts, with 10 holds, four buys and one strong buy. The average 12-month price target is $30.12, below the reported share price of $31.38.
• Invesco exceeded quarterly expectations, reporting $0.71 in EPS versus the $0.67 consensus and $1.33 billion in revenue. Revenue rose 20.5% year over year, although the company posted a negative net margin.
• The company declared a quarterly dividend of $0.215 per share, equivalent to an annualized $0.86 payout and a 2.7% yield. Institutional investors and hedge funds collectively own 66.09% of Invesco’s stock.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.1154.

Several equities analysts have commented on the company. Barclays increased their target price on Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on Invesco from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Morgan Stanley upped their price objective on Invesco from $29.00 to $30.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Invesco from a "buy" rating to a "hold" rating in a report on Sunday. Finally, The Goldman Sachs Group lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th.

Invesco Stock Down 1.1%

Shares of NYSE:IVZ opened at $31.38 on Wednesday. The company has a fifty day moving average of $28.77 and a 200-day moving average of $26.83. The company has a market capitalization of $13.91 billion, a PE ratio of -46.15, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. Invesco has a 52-week low of $20.48 and a 52-week high of $32.55.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.Invesco's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. On average, equities analysts predict that Invesco will post 2.8 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.7%. Invesco's dividend payout ratio (DPR) is presently -126.47%.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently modified their holdings of IVZ. Root Financial Partners LLC boosted its position in shares of Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock valued at $45,000 after acquiring an additional 374 shares during the period. ANB Bank increased its holdings in Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager's stock worth $299,000 after acquiring an additional 375 shares during the period. Carrera Capital Advisors increased its holdings in Invesco by 3.7% during the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager's stock worth $301,000 after acquiring an additional 408 shares during the period. Vise Technologies Inc. lifted its stake in Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager's stock worth $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC lifted its stake in Invesco by 3.8% in the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager's stock worth $303,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

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.

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