Invesco (NYSE:IVZ) Price Target Raised to $30.00

Invesco (NYSE:IVZ) had its price target raised by Morgan Stanley from $29.00 to $30.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

Several other equities research analysts also recently weighed in on the company. TD Cowen raised their price objective on Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 8th. The Goldman Sachs Group increased their target price on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore set a $32.00 target price on Invesco in a research report on Friday, July 10th. BMO Capital Markets cut their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.15.

Invesco Price Performance

IVZ stock opened at $29.67 on Friday. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of -20.19, a P/E/G ratio of 0.48 and a beta of 1.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50 day simple moving average of $27.77 and a 200 day simple moving average of $26.54. Invesco has a 1 year low of $17.71 and a 1 year high of $31.02.

Invesco (NYSE:IVZ) last posted its earnings results 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). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. Research analysts anticipate that Invesco will post 2.78 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.9%. Invesco’s dividend payout ratio (DPR) is currently -58.50%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Invesco by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock valued at $1,391,411,000 after buying an additional 947,693 shares during the last quarter. State Street Corp raised its position in shares of Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Invesco by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock worth $518,836,000 after acquiring an additional 596,434 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after acquiring an additional 584,035 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of Invesco in the fourth quarter worth approximately $230,391,000. 66.09% of the stock is owned by 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.