Wall Street Zen Downgrades Invesco (NYSE:IVZ) to Hold

Key Points

• Wall Street Zen downgraded Invesco from “buy” to “hold,” joining a broader analyst consensus of “Hold.” The average price target is $29.88, with 10 analysts rating the stock Hold, four Buy, and one Strong Buy.
• Invesco reported quarterly EPS of $0.71, beating estimates of $0.67, while revenue rose 20.5% year over year to $1.33 billion. Analysts expect full-year EPS of approximately $2.80.
• Shares opened at $31.59, near the company’s 12-month high of $32.55, giving Invesco a market capitalization of about $14.01 billion. Institutional investors own 66.09% of the stock.

Invesco (NYSE:IVZ - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Several other equities analysts also recently weighed in on IVZ. Royal Bank Of Canada raised their price target on Invesco from $33.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. The Goldman Sachs Group increased 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. Argus restated a "hold" rating on shares of Invesco in a research note on Wednesday, April 29th. Barclays raised their price objective on shares of Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, TD Cowen upped their target price on shares of Invesco from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $29.88.

Invesco Stock Performance

Invesco stock opened at $31.59 on Friday. Invesco has a twelve month low of $20.41 and a twelve month high of $32.55. The company has a quick ratio of 1.45, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14.01 billion, a P/E ratio of -46.46, a PEG ratio of 0.51 and a beta of 1.62. The stock's 50 day moving average is $28.61 and its 200 day moving average is $26.80.

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

Hedge Funds Weigh In On Invesco

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco in the first quarter worth $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Invesco by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager's stock valued at $543,000 after acquiring an additional 2,393 shares during the period. Woodline Partners LP lifted its holdings in Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock valued at $574,000 after acquiring an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Invesco by 1.2% in the first 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 worth $15,878,000 after purchasing an additional 12,685 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager's stock worth $1,615,000 after purchasing an additional 6,341 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

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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