Invesco (NYSE:IVZ – Get Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $29.00 to $29.50 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.66% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada lifted their price objective on shares of Invesco from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Evercore set a $32.00 price objective on shares of Invesco in a research note on Friday, July 10th. Morgan Stanley boosted their price objective on shares of Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, TD Cowen increased their price objective 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 investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average target price of $29.88.
Check Out Our Latest Stock Analysis on IVZ
Invesco Stock Performance
Invesco (NYSE:IVZ – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. As a group, sell-side analysts anticipate that Invesco will post 2.78 EPS for the current year.
Hedge Funds Weigh In On Invesco
Hedge funds have recently bought and sold shares of the company. American National Bank & Trust bought a new stake in Invesco during the fourth quarter valued at $31,000. SJS Investment Consulting Inc. lifted its stake in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after buying an additional 537 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after buying an additional 558 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Invesco during the 4th quarter worth approximately $44,000. Finally, Root Financial Partners LLC increased its stake in shares of Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.
More Invesco News
Here are the key news stories impacting Invesco this week:
- Positive Sentiment: Q2 earnings exceeded expectations. Invesco reported adjusted diluted EPS of $0.71, above the $0.67 consensus estimate, while revenue of approximately $1.33 billion also topped forecasts. EPS rose from $0.36 a year earlier, and revenue increased 20.5% year over year. Invesco Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Strong asset flows and ETF-led growth support the outlook. Invesco generated $45.1 billion in net long-term inflows, while ending assets under management reached $2.47 trillion, up 23.4% from the prior year. Management highlighted continued momentum in ETFs and other growth areas. Invesco’s Earnings Call Highlights ETF-Led Growth
- Positive Sentiment: Capital returns remain supportive. Invesco declared a quarterly dividend of $0.215 per share, payable September 2, and repurchased approximately 1.9 million shares for $50 million during the quarter. Invesco Reports Second-Quarter Results
- Neutral Sentiment: Momentum and valuation screens are favorable. Zacks identified IVZ as a strong momentum stock and included it among undervalued price-to-book companies. These screens may attract value-oriented investors but do not materially change the company’s fundamentals. Why Invesco Is a Strong Momentum Stock
- Negative Sentiment: Fee pressure is the key overhang. Investors remain concerned that industry fee compression could limit the benefit of rising AUM and inflows. Higher expenses and the competitive asset-management environment may also restrain margins, helping explain the market’s cautious reaction to otherwise strong results. Invesco Stock May Trade at a Premium on Fee Pressure Risk
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.
Featured Articles
- Five stocks we like better than Invesco
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.
