Weekly Analysts’ Ratings Updates for Invesco (IVZ)

A number of firms have modified their ratings and price targets on shares of Invesco (NYSE: IVZ) recently:

• 10/11/2024 – Invesco had its price target raised by analysts at Royal Bank of Canada from $17.00 to $18.00. They now have a “sector perform” rating on the stock.
• 10/10/2024 – Invesco had its price target raised by analysts at The Goldman Sachs Group, Inc. from $17.25 to $17.50. They now have a “neutral” rating on the stock.
• 10/9/2024 – Invesco had its price target raised by analysts at Wells Fargo & Company from $16.00 to $16.50. They now have an “underweight” rating on the stock.
• 10/7/2024 – Invesco was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/12/2024 – Invesco is now covered by analysts at Wells Fargo & Company. They set an “underweight” rating and a $16.00 price target on the stock.
• 8/31/2024 – Invesco was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/27/2024 – Invesco is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $18.00 price target on the stock.
• 8/22/2024 – Invesco was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/20/2024 – Invesco had its price target raised by analysts at Evercore ISI from $17.00 to $18.00. They now have an “in-line” rating on the stock.
• 8/15/2024 – Invesco had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $17.00. They now have a “hold” rating on the stock.

Invesco Price Performance

Invesco stock opened at $17.69 on Monday. The company’s 50 day simple moving average is $16.77 and its 200-day simple moving average is $16.01. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of -23.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. As a group, equities research analysts expect that Invesco Ltd. will post 1.66 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Invesco by 11.1% during the 4th quarter. Fisher Asset Management LLC now owns 3,921,248 shares of the asset manager’s stock worth $69,955,000 after purchasing an additional 391,933 shares during the last quarter. Swedbank AB acquired a new position in shares of Invesco during the 1st quarter worth approximately $41,475,000. Bank of New York Mellon Corp increased its position in shares of Invesco by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock worth $37,241,000 after purchasing an additional 30,016 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Invesco by 19.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock worth $35,274,000 after acquiring an additional 377,786 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.