Invesco (NYSE:IVZ) Price Target Lowered to $24.00 at Barclays

Invesco (NYSE:IVZ) had its price target cut by Barclays from $29.00 to $24.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

Several other research analysts have also commented on IVZ. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. TD Cowen reaffirmed a “buy” rating on shares of Invesco in a report on Thursday, April 9th. Evercore set a $27.00 price target on shares of Invesco in a report on Friday, April 10th. Morgan Stanley decreased their price target on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $27.61.

Invesco Price Performance

IVZ opened at $24.80 on Friday. The company has a 50-day moving average of $24.71 and a 200-day moving average of $25.19. The company has a market capitalization of $11.00 billion, a P/E ratio of -15.50, a PEG ratio of 0.59 and a beta of 1.66. Invesco has a 1-year low of $12.27 and a 1-year high of $29.61. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.52 EPS. Equities analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued 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 3.4%. Invesco’s payout ratio is -52.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Invesco Ltd. acquired a new position in Invesco during the 4th quarter valued at about $230,391,000. Price T Rowe Associates Inc. MD boosted its stake in Invesco by 368.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock valued at $176,782,000 after purchasing an additional 5,292,867 shares during the period. Norges Bank acquired a new position in Invesco during the 4th quarter valued at about $102,523,000. Holocene Advisors LP acquired a new position in Invesco during the 3rd quarter valued at about $55,719,000. Finally, Samlyn Capital LLC acquired a new position in Invesco during the 3rd quarter valued at about $44,567,000. 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.