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

Key Points

• Invesco beat quarterly earnings expectations, reporting $0.71 EPS versus the $0.67 consensus estimate. Revenue reached $1.33 billion, up 20.5% year over year and slightly above forecasts.
• Shares traded up 0.5% at $30.09, near the company’s 52-week high of $31.02. Invesco has a $13.34 billion market capitalization, while institutional investors and hedge funds own 66.09% of its stock.
• Analysts maintain a cautious outlook, with four Buy ratings and eleven Holds producing an overall “Hold” rating and a consensus price target of $29.31.

Invesco (NYSE:IVZ - Get Free Report) posted its quarterly earnings data on Tuesday. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04, FiscalAI reports. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. Invesco's revenue was up 20.5% compared to the same quarter last year.

Invesco Trading Up 0.5%

IVZ opened at $30.09 on Tuesday. 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 has a fifty-two week low of $20.08 and a fifty-two week high of $31.02. The company's 50 day moving average price is $28.04 and its two-hundred day moving average price is $26.67. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of -20.47, a PEG ratio of 0.49 and a beta of 1.62.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently modified their holdings of the business. Vise Technologies Inc. increased its holdings in Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager's stock valued at $346,000 after purchasing an additional 425 shares during the period. Parallel Advisors LLC lifted its holdings in Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager's stock worth $70,000 after buying an additional 472 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Invesco by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 33,389 shares of the asset manager's stock worth $877,000 after buying an additional 522 shares during the period. Norinchukin Bank The grew its position in shares of Invesco by 2.1% in the 3rd quarter. Norinchukin Bank The now owns 26,249 shares of the asset manager's stock valued at $602,000 after buying an additional 544 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager's stock valued at $34,000 after buying an additional 558 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on IVZ shares. Argus reiterated a "hold" rating on shares of Invesco in a research report on Wednesday, April 29th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their target price on Invesco from $30.00 to $25.00 and set a "neutral" rating on the stock in a report on Friday, April 24th. Weiss Ratings raised Invesco from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. Finally, Morgan Stanley lifted their price target on Invesco from $29.00 to $30.00 and gave the company an "equal weight" rating in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.

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