Analysts Set Invesco Ltd. (NYSE:IVZ) PT at $28.04

Invesco Ltd. (NYSE:IVZ) has been given an average recommendation of “Hold” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.9643.

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Argus set a $31.00 price target on Invesco in a research note on Wednesday, January 28th. Evercore set a $27.00 price objective on Invesco in a research report on Friday, April 10th. BMO Capital Markets lowered their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Royal Bank Of Canada dropped their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th.

Invesco Stock Down 0.0%

NYSE:IVZ opened at $24.71 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day moving average price is $24.79 and its 200-day moving average price is $25.19. The company has a market capitalization of $10.96 billion, a PE ratio of -15.44, a P/E/G ratio of 0.62 and a beta of 1.66. Invesco has a 1-year low of $12.27 and a 1-year high of $29.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted $0.52 EPS. Invesco’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s payout ratio is currently -52.50%.

Institutional Trading of Invesco

Several institutional investors have recently bought and sold shares of IVZ. CNB Bank purchased a new position in Invesco in the third quarter worth about $26,000. American National Bank & Trust purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the third quarter valued at approximately $30,000. Root Financial Partners LLC bought a new stake in shares of Invesco during the third quarter valued at approximately $30,000. Finally, Larson Financial Group LLC raised its holdings in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after acquiring an additional 558 shares during the last quarter. 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.