Zacks Research Weighs in on Invesco Ltd.'s FY2024 Earnings (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ - Free Report) - Equities researchers at Zacks Research dropped their FY2024 EPS estimates for shares of Invesco in a note issued to investors on Tuesday, May 14th. Zacks Research analyst R. Department now forecasts that the asset manager will earn $1.57 per share for the year, down from their prior forecast of $1.63. The consensus estimate for Invesco's current full-year earnings is $1.65 per share. Zacks Research also issued estimates for Invesco's Q4 2024 earnings at $0.43 EPS, Q1 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.47 EPS, Q1 2026 earnings at $0.49 EPS and FY2026 earnings at $2.04 EPS.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.38 EPS. The company's revenue was up 4.0% on a year-over-year basis.

IVZ has been the subject of a number of other research reports. TheStreet cut Invesco from a "b-" rating to a "c" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. cut their price objective on shares of Invesco from $17.00 to $16.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. The Goldman Sachs Group decreased their target price on shares of Invesco from $17.75 to $16.75 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada increased their price target on shares of Invesco from $14.00 to $16.00 and gave the company a "sector perform" rating in a report on Thursday, January 18th. Finally, Morgan Stanley boosted their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.79.

Invesco Stock Up 1.9 %

Shares of IVZ traded up $0.30 during mid-day trading on Wednesday, reaching $16.31. The company had a trading volume of 7,262,636 shares, compared to its average volume of 4,801,053. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of -21.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. The firm has a 50-day moving average price of $15.58 and a 200 day moving average price of $15.64. Invesco has a 52 week low of $12.48 and a 52 week high of $18.71.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, May 13th. This is a boost from Invesco's previous quarterly dividend of $0.20. Invesco's dividend payout ratio is -109.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Invesco in the 3rd quarter worth approximately $25,000. Gables Capital Management Inc. raised its position in Invesco by 74.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager's stock worth $29,000 after acquiring an additional 700 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Invesco during the 3rd quarter worth $32,000. Sentry Investment Management LLC purchased a new position in shares of Invesco during the 3rd quarter worth $36,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock valued at $36,000 after acquiring an additional 1,000 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.