Invesco (NYSE:IVZ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Invesco (NYSE:IVZ) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also commented on IVZ. The Goldman Sachs Group reiterated a “neutral” rating and issued a $28.25 target price on shares of Invesco in a research report on Tuesday, January 6th. Evercore ISI lifted their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Morgan Stanley upped their price objective on shares of Invesco from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Citigroup raised their target price on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Finally, Bank of America boosted their target price on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus price target of $24.70.

Invesco Price Performance

Shares of IVZ opened at $28.75 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 1.23. The company’s fifty day moving average price is $25.53 and its 200-day moving average price is $22.79. Invesco has a 1-year low of $11.60 and a 1-year high of $29.05. The firm has a market capitalization of $12.80 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.65.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities research analysts predict that Invesco will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the transaction, the director owned 192 shares in the company, valued at $4,523.52. This represents a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Invesco

Large investors have recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Invesco by 3.6% in the fourth quarter. Czech National Bank now owns 117,365 shares of the asset manager’s stock worth $3,083,000 after acquiring an additional 4,099 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Invesco by 1,165.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock worth $1,291,000 after purchasing an additional 45,260 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Invesco by 2,834.7% during the fourth quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock worth $7,759,000 after buying an additional 285,288 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco by 989.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,921,158 shares of the asset manager’s stock worth $54,276,000 after buying an additional 1,744,862 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Invesco by 27.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 38,370 shares of the asset manager’s stock valued at $1,080,000 after buying an additional 8,324 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.