Invesco (NYSE:IVZ) Given New $33.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its price target increased by Barclays from $32.00 to $33.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price objective would suggest a potential upside of 16.16% from the company’s previous close.

Other analysts also recently issued research reports about the company. Evercore set a $34.00 price target on Invesco in a research note on Friday, October 9th. BMO Capital Markets lifted their price objective on Invesco from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. lifted their price objective on Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Finally, TD Cowen cut their target price on Invesco from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.27.

Invesco Price Performance

IVZ traded down $0.02 on Wednesday, hitting $28.41. 1,122,738 shares of the company were exchanged, compared to its average volume of 5,269,126. The firm has a fifty day simple moving average of $30.75 and a two-hundred day simple moving average of $28.01. Invesco has a 12 month low of $21.82 and a 12 month high of $33.66.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts predict that Invesco will post 2.82 earnings per share for the current year.

Insider Activity

In other news, Director Phoebe A. Wood sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $32.44, for a total transaction of $97,320.00. Following the completion of the transaction, the director owned 107,111 shares in the company, valued at $3,474,680.84. This trade represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephanie Butcher sold 45,095 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the transaction, the director owned 10,205 shares of the company’s stock, valued at $329,417.40. This trade represents a 81.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 222,540 shares of company stock worth $7,227,167 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently added to or reduced their stakes in IVZ. D.A. Davidson & CO. lifted its position in shares of Invesco by 3.6% in the 3rd quarter. D.A. Davidson & CO. now owns 134,519 shares of the asset manager’s stock worth $4,057,000 after purchasing an additional 4,621 shares during the period. VestGen Advisors LLC increased its holdings in Invesco by 12.5% during the third quarter. VestGen Advisors LLC now owns 15,233 shares of the asset manager’s stock valued at $459,000 after buying an additional 1,695 shares during the period. SYM FINANCIAL Corp purchased a new position in Invesco during the third quarter valued at approximately $260,000. Park Avenue Securities LLC increased its holdings in Invesco by 2.4% during the third quarter. Park Avenue Securities LLC now owns 17,126 shares of the asset manager’s stock valued at $517,000 after buying an additional 401 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in Invesco by 4.7% in the third quarter. Apollon Wealth Management LLC now owns 25,623 shares of the asset manager’s stock worth $773,000 after buying an additional 1,149 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

More Invesco News

Here are the key news stories impacting Invesco this week:

• Positive Sentiment: Invesco reported $35.1 billion in quarterly net inflows and record assets under management, extending its inflow streak to 13 consecutive quarters. The growth indicates continued demand for the company’s investment products and supports fee revenue. Invesco Q3 brings $35.1 billion inflows and record assets under management
• Positive Sentiment: Quarterly revenue rose 16.5% year over year to $1.38 billion, while adjusted earnings increased to $0.72 per share from $0.61. Management also pointed to global inflows and margin gains, suggesting operating leverage and improving business momentum. Invesco earnings call highlights
• Positive Sentiment: Invesco is working with Anthropic to make its custom portfolio and practice-management capabilities available through Claude for financial advisors. The initiative could strengthen Invesco’s technology offering and advisor relationships, although its near-term financial contribution is not yet clear. Invesco Anthropic partnership
• Neutral Sentiment: Invesco declared a quarterly dividend of $0.215 per share, or $0.86 annualized, representing an approximately 3% indicated yield. The payout may appeal to income-focused investors but does not materially change the earnings outlook.
• Negative Sentiment: Adjusted third-quarter EPS of $0.72 missed consensus estimates of $0.74 despite higher revenue and AUM. Rising expenses remain a headwind, limiting the benefit of the company’s top-line growth. Invesco Q3 earnings miss
• Negative Sentiment: Coverage also focused on a Fitch outlook cut and the mixed earnings performance, which may keep valuation and credit-quality concerns in focus until Invesco demonstrates stronger profitability. Invesco following Fitch outlook cut

Invesco Company Profile

Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.