Invesco (NYSE:IVZ) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Invesco (NYSE:IVZ) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on IVZ. The Goldman Sachs Group boosted their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Argus set a $31.00 price objective on shares of Invesco in a report on Wednesday, January 28th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.46.

Invesco Trading Down 3.1%

IVZ traded down $0.83 during trading on Thursday, hitting $26.26. 5,292,565 shares of the stock traded hands, compared to its average volume of 5,810,937. The firm has a market capitalization of $11.69 billion, a P/E ratio of -16.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.69. Invesco has a 12-month low of $11.60 and a 12-month high of $29.61. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.23. The firm has a 50-day moving average of $27.35 and a 200 day moving average of $24.70.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm 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 quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s dividend payout ratio (DPR) is currently -52.50%.

Institutional Trading of Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CNB Bank bought a new stake in Invesco in the third quarter worth $26,000. American National Bank & Trust purchased a new stake in Invesco during the 4th quarter valued at about $31,000. Sentry Investment Management LLC bought a new stake in Invesco during the 3rd quarter valued at about $30,000. Root Financial Partners LLC purchased a new position in Invesco in the third quarter worth about $30,000. Finally, Larson Financial Group LLC raised its holdings in Invesco by 61.5% in 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 during the last quarter. Hedge funds and other 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.