Invesco (NYSE:IVZ – Get Free Report)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a report released on Thursday,Benzinga reports. They presently have a $31.00 price target on the asset manager’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 12.68% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Barclays upped their price target on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Argus reaffirmed a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. TD Cowen lifted their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, BMO Capital Markets dropped their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.86.
View Our Latest Research Report on Invesco
Invesco Trading Up 2.5%
Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts predict that Invesco will post 2.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of IVZ. Vanguard Group Inc. boosted its holdings in Invesco by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after purchasing an additional 947,693 shares in the last quarter. State Street Corp increased its holdings in shares of Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock valued at $351,051,000 after acquiring an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Invesco by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock valued at $518,836,000 after acquiring an additional 596,434 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after acquiring an additional 584,035 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Invesco in the 4th quarter valued at approximately $230,391,000. Hedge funds and other 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.
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