Invesco Ltd. (NYSE:IVZ) – Jefferies Financial Group lifted their Q1 2021 earnings per share (EPS) estimates for shares of Invesco in a research note issued to investors on Monday, April 12th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.55. Jefferies Financial Group also issued estimates for Invesco’s Q2 2021 earnings at $0.64 EPS, Q3 2021 earnings at $0.68 EPS, Q4 2021 earnings at $0.73 EPS, FY2021 earnings at $2.63 EPS, Q1 2022 earnings at $0.64 EPS, Q2 2022 earnings at $0.68 EPS, Q3 2022 earnings at $0.72 EPS, Q4 2022 earnings at $0.76 EPS and FY2022 earnings at $2.80 EPS.
Invesco (NYSE:IVZ) last released its earnings results on Monday, January 25th. The asset manager reported $0.72 EPS for the quarter, topping the consensus estimate of $0.57 by $0.15. Invesco had a net margin of 9.78% and a return on equity of 9.62%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year.
IVZ has been the topic of several other research reports. BMO Capital Markets boosted their target price on shares of Invesco from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Wednesday, January 27th. Credit Suisse Group boosted their target price on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, January 27th. TheStreet raised shares of Invesco from a “c+” rating to a “b-” rating in a report on Tuesday, March 9th. UBS Group raised shares of Invesco from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, January 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, April 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Invesco has a consensus rating of “Hold” and a consensus target price of $18.46.
IVZ stock opened at $26.83 on Wednesday. Invesco has a one year low of $6.38 and a one year high of $26.88. The company’s fifty day moving average price is $24.87 and its 200-day moving average price is $19.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market capitalization of $12.32 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, February 12th. Invesco’s dividend payout ratio is currently 24.31%.
In other news, Director Gregory Mcgreevey sold 200,000 shares of the stock in a transaction on Friday, March 12th. The shares were sold at an average price of $25.46, for a total value of $5,092,000.00. Following the sale, the director now owns 381,941 shares of the company’s stock, valued at $9,724,217.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.89% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Invesco by 2.4% in the fourth quarter. BlackRock Inc. now owns 35,541,431 shares of the asset manager’s stock valued at $619,488,000 after acquiring an additional 838,862 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Invesco by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,156,065 shares of the asset manager’s stock worth $177,019,000 after purchasing an additional 70,419 shares during the last quarter. Morgan Stanley grew its holdings in shares of Invesco by 278.9% in the fourth quarter. Morgan Stanley now owns 6,456,193 shares of the asset manager’s stock worth $112,531,000 after purchasing an additional 4,752,127 shares during the last quarter. Norges Bank bought a new position in shares of Invesco in the fourth quarter worth about $67,920,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Invesco by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,824,741 shares of the asset manager’s stock worth $49,236,000 after purchasing an additional 29,677 shares during the last quarter. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Invesco Company Profile
Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.
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