Invesco (NYSE:IVZ – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Other equities analysts have also issued research reports about the company. Argus reissued a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Morgan Stanley raised their target price on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Barclays lifted their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings raised shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, BMO Capital Markets dropped their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $29.88.
Get Our Latest Analysis on Invesco
Invesco Trading Up 0.1%
Invesco (NYSE:IVZ – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. Analysts expect that Invesco will post 2.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Invesco
Large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in Invesco in the 1st quarter valued at about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Invesco by 7.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after buying an additional 2,393 shares during the period. Woodline Partners LP boosted its stake in Invesco by 40.2% during the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Invesco by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after buying an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Invesco by 6.6% during the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 6,341 shares during the last quarter. Institutional investors and hedge funds 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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