Invesco (NYSE:IVZ) Posts Earnings Results, Beats Expectations By $0.05 EPS

Invesco (NYSE:IVZ) released its quarterly earnings data on Tuesday. The asset manager reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. Invesco had a return on equity of 9.11% and a net margin of 14.15%.During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.

Invesco Trading Up 0.8%

Shares of NYSE:IVZ opened at $28.63 on Tuesday. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.49 and a beta of 1.65. Invesco has a 12 month low of $11.60 and a 12 month high of $29.61. The company’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $23.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Invesco in a report on Tuesday, January 13th. Bank of America boosted their price target on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. The Goldman Sachs Group set a $28.75 price objective on shares of Invesco in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $31.00 in a report on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of “Hold” and a consensus target price of $26.42.

Insider Transactions at Invesco

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction dated Friday, October 31st. The stock was 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 approximately $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 accessible through this link. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IVZ. Larson Financial Group LLC grew its holdings in shares of Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Invesco by 151.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,046 shares of the asset manager’s stock worth $47,000 after acquiring an additional 1,231 shares during the last quarter. Kestra Investment Management LLC grew its stake in shares of Invesco by 672.0% during the 2nd quarter. Kestra Investment Management LLC now owns 3,443 shares of the asset manager’s stock worth $54,000 after acquiring an additional 2,997 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Invesco in the third quarter valued at approximately $69,000. Finally, Parallel Advisors LLC raised its holdings in shares of Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after purchasing an additional 472 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

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.