Invesco Ltd. (NYSE:IVZ) Receives Consensus Rating of “Hold” from Brokerages

Invesco Ltd. (NYSE:IVZ) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.4643.

A number of analysts have recently weighed in on IVZ shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group upped their price objective on shares of Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Morgan Stanley set a $29.00 target price on shares of Invesco in a research note on Monday, January 26th. Finally, TD Cowen set a $34.50 target price on shares of Invesco in a report on Wednesday, January 28th.

Invesco Trading Down 0.7%

NYSE IVZ opened at $23.16 on Friday. The firm has a market capitalization of $10.27 billion, a PE ratio of -14.47, a P/E/G ratio of 0.44 and a beta of 1.68. The stock’s 50 day moving average is $26.33 and its 200 day moving average is $24.99. Invesco has a twelve month low of $11.60 and a twelve month high of $29.61. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. Research analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio (DPR) is -52.50%.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently added to or reduced their stakes in IVZ. Hsbc Holdings PLC increased its holdings in shares of Invesco by 36.3% during the fourth quarter. Hsbc Holdings PLC now owns 431,088 shares of the asset manager’s stock valued at $11,386,000 after acquiring an additional 114,851 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Invesco by 29.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,361 shares of the asset manager’s stock worth $115,000 after purchasing an additional 992 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Invesco by 57.1% in the 4th quarter. Corient Private Wealth LLC now owns 87,641 shares of the asset manager’s stock worth $2,302,000 after purchasing an additional 31,856 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Invesco during the 4th quarter valued at about $95,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Invesco during the 4th quarter valued at about $79,000. 66.09% of the stock is 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.