Invesco (NYSE:IVZ) Posts Earnings Results

Invesco (NYSE:IVZ) issued its quarterly earnings results on Tuesday. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Invesco Stock Down 1.0%

IVZ stock opened at $28.35 on Tuesday. Invesco has a 52 week low of $11.60 and a 52 week high of $29.61. The company has a market cap of $12.62 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $26.59 and its 200 day moving average price is $23.66.

Analyst Ratings Changes

Several brokerages have recently commented on IVZ. Deutsche Bank Aktiengesellschaft upgraded shares of Invesco from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. BMO Capital Markets lifted their price objective on shares of Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Evercore ISI boosted their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. Barclays boosted their price objective on shares of Invesco from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, TD Cowen restated a “buy” rating on shares of Invesco in a research note on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.42.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Invesco

Several hedge funds have recently bought and sold shares of the company. Samlyn Capital LLC acquired a new position in Invesco during the third quarter worth about $44,567,000. Balyasny Asset Management L.P. boosted its holdings in Invesco by 58.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock valued at $80,304,000 after purchasing an additional 1,871,666 shares during the period. Alyeska Investment Group L.P. bought a new position in Invesco in the third quarter worth $34,777,000. Bank of America Corp DE increased its holdings in shares of Invesco by 52.6% during the second quarter. Bank of America Corp DE now owns 2,893,883 shares of the asset manager’s stock worth $45,637,000 after buying an additional 997,825 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Invesco by 13.4% in the second quarter. Alliancebernstein L.P. now owns 7,924,717 shares of the asset manager’s stock valued at $124,973,000 after buying an additional 939,365 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.

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.