Invesco Ltd. (NYSE:IVZ – Get Free Report) has been assigned an average rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.3077.
A number of equities analysts recently commented on the company. Evercore set a $32.00 price target on Invesco in a research note on Friday, July 10th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Argus reaffirmed a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, Morgan Stanley increased their target price on Invesco from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th.
View Our Latest Analysis on Invesco
Hedge Funds Weigh In On Invesco
Invesco Stock Performance
Shares of NYSE IVZ opened at $29.91 on Friday. The company has a market cap of $13.26 billion, a P/E ratio of -20.34, a P/E/G ratio of 0.49 and a beta of 1.62. Invesco has a 52-week low of $20.08 and a 52-week high of $31.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s fifty day moving average is $27.98 and its two-hundred day moving average is $26.66.
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 firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts anticipate that Invesco will post 2.78 EPS for the current fiscal year.
Invesco Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend 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 yield of 2.9%. Invesco’s payout ratio is currently -58.50%.
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.
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