Keefe, Bruyette & Woods Begins Coverage on Invesco (NYSE:IVZ)

Research analysts at Keefe, Bruyette & Woods initiated coverage on shares of Invesco (NYSE:IVZ) in a note issued to investors on Wednesday. The firm set an “outperform” rating and a $39.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.30% from the stock’s current price.

Other analysts have also issued research reports about the company. Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley upped their price target on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays raised their price objective on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, TD Cowen lifted their target price on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.46.

Invesco Trading Down 0.6%

Shares of NYSE:IVZ traded down $0.19 during mid-day trading on Wednesday, hitting $32.15. The stock had a trading volume of 78,097 shares, compared to its average volume of 5,347,232. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $14.25 billion, a PE ratio of -47.22, a P/E/G ratio of 0.48 and a beta of 1.63. Invesco has a 12-month low of $20.67 and a 12-month high of $33.66. The company’s 50 day moving average is $30.71 and its 200-day moving average is $27.58.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts predict that Invesco will post 2.82 EPS for the current year.

Institutional Investors Weigh In On Invesco

Several large investors have recently made changes to their positions in IVZ. California State Teachers Retirement System increased its holdings in Invesco by 2,495.9% in the second quarter. California State Teachers Retirement System now owns 10,837,212 shares of the asset manager’s stock worth $285,994,000 after buying an additional 10,419,736 shares during the last quarter. Invesco Ltd. acquired a new stake in Invesco in the fourth quarter valued at approximately $230,391,000. Price T Rowe Associates Inc. MD lifted its stake in Invesco by 368.4% in the fourth 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 acquiring an additional 5,292,867 shares during the last quarter. Norges Bank bought a new stake in Invesco in the fourth quarter worth approximately $102,523,000. Finally, Samlyn Capital LLC acquired a new position in shares of Invesco during the 3rd quarter worth $44,567,000. Institutional investors own 66.09% of the company’s stock.

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.