Invesco Ltd. (NYSE:IVZ) Receives $27.64 Consensus Target Price from Analysts

Invesco Ltd. (NYSE:IVZ) has received an average recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.8571.

IVZ has been the topic of a number of research reports. BMO Capital Markets reduced their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group increased their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. TD Cowen increased their target price on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Evercore set a $31.00 target price on shares of Invesco in a report on Monday, June 8th. Finally, Weiss Ratings lowered shares of Invesco from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd.

Institutional Investors Weigh In On Invesco

A number of hedge funds have recently added to or reduced their stakes in IVZ. Invesco Ltd. acquired a new stake in Invesco during the 4th quarter worth approximately $230,391,000. Price T Rowe Associates Inc. MD increased its position in shares of Invesco by 368.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock valued at $176,782,000 after purchasing an additional 5,292,867 shares during the last quarter. Norges Bank purchased a new stake in shares of Invesco in the 4th quarter valued at approximately $102,523,000. Holocene Advisors LP purchased a new stake in shares of Invesco in the 3rd quarter valued at approximately $55,719,000. Finally, Samlyn Capital LLC purchased a new stake in shares of Invesco in the 3rd quarter valued at approximately $44,567,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $26.34 on Tuesday. The firm’s 50 day moving average price is $27.14 and its 200-day moving average price is $26.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. Invesco has a one year low of $15.61 and a one year high of $29.82. The firm has a market cap of $11.68 billion, a P/E ratio of -17.92, a P/E/G ratio of 0.58 and a beta of 1.60.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, equities research analysts predict that Invesco will post 2.59 EPS for the current year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.215 per share. This is a boost from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

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.