Zacks Research Upgrades Invesco (NYSE:IVZ) to Strong-Buy

Invesco (NYSE:IVZ) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on IVZ. Royal Bank Of Canada cut their price objective on Invesco from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday. Bank of America increased their price target on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Evercore ISI upped their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus target price of $27.93.

Invesco Stock Performance

Shares of NYSE IVZ opened at $27.67 on Wednesday. Invesco has a 12-month low of $11.60 and a 12-month high of $29.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The company has a market cap of $12.31 billion, a PE ratio of -17.32, a P/E/G ratio of 0.47 and a beta of 1.65. The stock has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $23.78.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the firm posted $0.52 earnings per share. Invesco’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Invesco will post 1.87 EPS for the current year.

Institutional Trading of Invesco

Several large investors have recently made changes to their positions in the business. Torren Management LLC acquired a new position in shares of Invesco in the 4th quarter valued at $44,000. R Squared Ltd increased its stake in shares of Invesco by 21.3% in the 4th quarter. R Squared Ltd now owns 11,300 shares of the asset manager’s stock valued at $297,000 after acquiring an additional 1,982 shares during the last quarter. M&T Bank Corp raised its position in shares of Invesco by 85.2% in the 4th quarter. M&T Bank Corp now owns 18,460 shares of the asset manager’s stock valued at $485,000 after acquiring an additional 8,491 shares during the period. D.A. Davidson & CO. boosted its stake in Invesco by 10.2% during the 4th quarter. D.A. Davidson & CO. now owns 196,673 shares of the asset manager’s stock worth $5,167,000 after acquiring an additional 18,279 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Invesco by 3.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 70,466 shares of the asset manager’s stock worth $1,851,000 after purchasing an additional 2,154 shares during the period. 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.