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

Key Points

• Fifteen analysts cover Invesco, giving a consensus rating of Hold (10 holds, 5 buys) and an average 12‑month price target of $28.04.
• Invesco beat the quarter expectations with EPS of $0.62 vs. $0.58 and revenue of $1.26 billion vs. $1.24 billion, representing 6.1% year‑over‑year revenue growth.
• The company pays a quarterly dividend of $0.21 (annualized $0.84) for a yield of about 3.5%, and roughly 66% of the shares are held by institutional investors.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) have received a consensus rating of "Hold" from the fifteen research firms that are currently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.0357.

Several research analysts have issued reports on the company. Argus set a $31.00 price objective on Invesco in a report on Wednesday, January 28th. The Goldman Sachs Group reduced their price objective on Invesco from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Invesco in a report on Monday, December 29th. Zacks Research downgraded Invesco from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 26th. Finally, BMO Capital Markets upped their price objective on Invesco from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, December 10th.

Invesco Stock Up 6.3%

NYSE:IVZ opened at $24.22 on Thursday. The stock's fifty day moving average price is $25.09 and its two-hundred day moving average price is $25.13. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $10.74 billion, a price-to-earnings ratio of -15.13, a P/E/G ratio of 0.46 and a beta of 1.66.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Invesco's dividend payout ratio is -52.50%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC lifted its stake in shares of Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager's stock valued at $26,000 after purchasing an additional 1,633 shares during the period. CNB Bank acquired a new position in shares of Invesco in the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of Invesco in the 3rd quarter valued at $30,000. Sentry Investment Management LLC acquired a new position in shares of Invesco in the 3rd quarter valued at $30,000. Finally, American National Bank & Trust acquired a new position in shares of Invesco in the 4th quarter valued at $31,000. 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.

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