Jefferies Financial Group upgraded shares of Invesco (NYSE:IVZ – Free Report) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
Several other analysts have also commented on the stock. Barclays increased 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research note on Thursday. BMO Capital Markets decreased their target price on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, April 10th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, TD Cowen raised their target price on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.86.
View Our Latest Research Report on Invesco
Invesco Trading Up 0.8%
Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings data 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 negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.44 EPS. Invesco’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco will post 2.59 earnings per share for the current fiscal year.
Invesco Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s payout ratio is presently -58.50%.
Hedge Funds Weigh In On Invesco
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. acquired a new stake in shares of Invesco during the fourth quarter worth $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 acquiring an additional 5,292,867 shares during the period. Norges Bank acquired a new position in shares of Invesco in the 4th quarter valued at $102,523,000. Holocene Advisors LP purchased a new position in Invesco in the 3rd quarter worth $55,719,000. Finally, Samlyn Capital LLC purchased a new position in Invesco in the 3rd quarter worth $44,567,000. 66.09% of the stock is owned by hedge funds and other 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.
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