Invesco (NYSE:IVZ) Stock Price Down 4.6% – Should You Sell?

Invesco Ltd. (NYSE:IVZ) shares were down 4.6% during trading on Thursday . The company traded as low as $24.21 and last traded at $23.5720. Approximately 1,155,979 shares changed hands during trading, a decline of 80% from the average daily volume of 5,792,278 shares. The stock had previously closed at $24.71.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IVZ. TD Cowen reissued a “buy” rating on shares of Invesco in a report on Thursday, April 9th. Evercore set a $27.00 price objective on Invesco in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $31.00 in a report on Wednesday, December 17th. Morgan Stanley decreased their price objective on Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, BMO Capital Markets decreased their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.96.

Invesco Trading Down 4.3%

The company has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $25.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $10.49 billion, a PE ratio of -14.77, a price-to-earnings-growth ratio of 0.62 and a beta of 1.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $0.52 EPS. Invesco’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were issued a $0.21 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Invesco’s dividend payout ratio is currently -52.50%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IVZ. Root Financial Partners LLC grew its position in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the last quarter. Carrera Capital Advisors grew its position in Invesco by 3.7% in the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after purchasing an additional 408 shares during the last quarter. Vise Technologies Inc. grew its position in Invesco by 3.3% in the 4th quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after purchasing an additional 425 shares during the last quarter. Wedmont Private Capital grew its position in Invesco by 2.2% in the 4th quarter. Wedmont Private Capital now owns 21,236 shares of the asset manager’s stock worth $588,000 after purchasing an additional 456 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Invesco by 18.4% in the third quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock valued at $70,000 after acquiring an additional 472 shares in the last quarter. 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.