Invesco Ltd. (NYSE:IVZ) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Invesco Ltd. (NYSE:IVZ) have been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the stock, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $30.8846.

A number of research firms have recently commented on IVZ. Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Argus reiterated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Jefferies Financial Group raised shares of Invesco to a “hold” rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada downgraded shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Thursday, August 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IVZ. Public Employees Retirement System of Ohio acquired a new stake in shares of Invesco during the 2nd quarter valued at $2,937,000. Great Lakes Advisors LLC acquired a new position in Invesco in the 2nd quarter worth about $355,000. Contravisory Investment Management Inc. raised its position in Invesco by 1.8% in the second quarter. Contravisory Investment Management Inc. now owns 49,852 shares of the asset manager’s stock valued at $1,316,000 after purchasing an additional 882 shares during the last quarter. Gradient Investments LLC bought a new position in Invesco in the second quarter valued at about $742,000. Finally, Sonoma Allocations LLC acquired a new stake in shares of Invesco during the second quarter valued at about $11,797,000. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Down 0.4%

Shares of IVZ opened at $32.43 on Wednesday. Invesco has a one year low of $20.48 and a one year high of $32.80. The company has a market cap of $14.37 billion, a P/E ratio of -47.69, a P/E/G ratio of 0.52 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $29.24 and a two-hundred day simple moving average of $26.97.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.36 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Research analysts forecast that Invesco will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco’s dividend payout ratio (DPR) is currently -126.47%.

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.