Invesco (NYSE:IVZ) Upgraded to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Invesco (NYSE:IVZ) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on IVZ. Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Barclays upped their price target on 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 reissued an “outperform” rating and issued a $31.00 price target on shares of Invesco in a research note on Thursday. Morgan Stanley raised their price objective on Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. cut their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Invesco Trading Up 0.8%

IVZ opened at $27.05 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. Invesco has a fifty-two week low of $16.49 and a fifty-two week high of $29.82. The company’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $26.41. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of -18.40, a PEG ratio of 0.60 and a beta of 1.62.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. As a group, research analysts predict that Invesco will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.215 dividend. 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 annualized dividend and a yield of 3.2%. Invesco’s dividend payout ratio (DPR) is presently -58.50%.

Institutional Trading of Invesco

Large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in shares of Invesco during the 3rd quarter worth approximately $1,469,000. Contravisory Investment Management Inc. lifted its position in shares of Invesco by 1,165.9% during the 4th quarter. Contravisory Investment Management Inc. now owns 49,142 shares of the asset manager’s stock valued at $1,291,000 after acquiring an additional 45,260 shares during the period. SG Americas Securities LLC boosted its stake in Invesco by 2,834.7% during the fourth quarter. SG Americas Securities LLC now owns 295,352 shares of the asset manager’s stock worth $7,759,000 after acquiring an additional 285,288 shares in the last quarter. Maltese Capital Management LLC boosted its stake in Invesco by 110.0% during the third quarter. Maltese Capital Management LLC now owns 315,000 shares of the asset manager’s stock worth $7,226,000 after acquiring an additional 165,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in Invesco in the fourth quarter worth $33,254,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.