Invesco (NYSE:IVZ) Trading Down 4.6% – Here’s What Happened

Invesco Ltd. (NYSE:IVZ)’s stock price fell 4.6% during mid-day trading on Monday . The company traded as low as $22.96 and last traded at $23.0240. 3,337,365 shares were traded during trading, a decline of 41% from the average session volume of 5,693,449 shares. The stock had previously closed at $24.14.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays cut their target price on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 28th. Argus set a $31.00 price target on shares of Invesco in a research note on Wednesday, January 28th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada lowered their price target on shares of Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $28.25.

Invesco Price Performance

The business has a fifty day moving average of $25.36 and a two-hundred day moving average of $25.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of -14.22, a price-to-earnings-growth ratio of 0.46 and a beta of 1.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. As a group, research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Invesco’s dividend payout ratio is presently -52.50%.

Institutional Trading of Invesco

Hedge funds have recently added to or reduced their stakes in the company. Capital A Wealth Management LLC increased its position in Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares during the period. CNB Bank bought a new stake in shares of Invesco in the third quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Invesco in the third quarter valued at about $30,000. Sentry Investment Management LLC bought a new position in Invesco during the third quarter worth about $30,000. Finally, American National Bank & Trust acquired a new stake in Invesco in the 4th quarter worth about $31,000. 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.