Invesco (NYSE:IVZ) Receives “Outperform” Rating from Royal Bank Of Canada

Invesco (NYSE:IVZ)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $31.00 price objective on the asset manager’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.68% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley upped their price target on Invesco from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. BMO Capital Markets decreased their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Argus reissued a “hold” rating on shares of Invesco in a report on Wednesday, April 29th. Finally, TD Cowen raised their price target on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.86.

Invesco Stock Up 2.5%

IVZ stock opened at $27.51 on Thursday. The company has a market cap of $12.20 billion, a P/E ratio of -18.74, a P/E/G ratio of 0.59 and a beta of 1.62. Invesco has a 52 week low of $16.20 and a 52 week high of $29.82. The company’s 50-day moving average price is $27.21 and its 200 day moving average price is $26.40. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, research analysts expect that Invesco will post 2.6 earnings per share for the current fiscal year.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVZ. American National Bank & Trust acquired a new stake in shares of Invesco in the fourth quarter worth approximately $31,000. SJS Investment Consulting Inc. raised its position in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the period. Larson Financial Group LLC lifted its stake in shares of Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $44,000. Finally, Root Financial Partners LLC increased its holdings in Invesco by 28.2% during 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. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.