Invesco (IVZ) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Invesco (NYSE: IVZ):

• 10/23/2024 – Invesco had its price target raised by analysts at Wells Fargo & Company from $16.50 to $17.50. They now have an “underweight” rating on the stock.
• 10/23/2024 – Invesco had its price target raised by analysts at Royal Bank of Canada from $18.00 to $19.00. They now have a “sector perform” rating on the stock.
• 10/23/2024 – Invesco had its price target raised by analysts at The Goldman Sachs Group, Inc. from $17.50 to $19.50. They now have a “neutral” rating on the stock.
• 10/23/2024 – Invesco had its price target raised by analysts at Evercore ISI from $18.00 to $19.00. They now have an “in-line” rating on the stock.
• 10/23/2024 – Invesco had its price target raised by analysts at Barclays PLC from $18.00 to $19.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Invesco had its price target raised by analysts at UBS Group AG from $17.50 to $19.00. They now have a “neutral” rating on the stock.
• 10/21/2024 – Invesco had its price target raised by analysts at JPMorgan Chase & Co. from $17.00 to $20.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – Invesco was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/18/2024 – Invesco had its price target raised by analysts at Morgan Stanley from $16.00 to $17.00. They now have an “equal weight” rating on the stock.
• 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.

Invesco Stock Up 1.7 %

NYSE IVZ traded up $0.29 during trading on Friday, hitting $17.63. The company’s stock had a trading volume of 219,251 shares, compared to its average volume of 4,206,404. Invesco Ltd. has a fifty-two week low of $12.68 and a fifty-two week high of $18.79. The company has a market cap of $7.93 billion, a PE ratio of -19.16, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 5.80. The business’s 50 day simple moving average is $17.23 and its 200-day simple moving average is $16.16.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.35 EPS. Invesco’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently made changes to their positions in IVZ. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Invesco in the first quarter valued at about $169,000. Norden Group LLC acquired a new position in Invesco in the 1st quarter worth approximately $450,000. Commonwealth Equity Services LLC raised its position in Invesco by 33.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 133,407 shares of the asset manager’s stock worth $2,213,000 after buying an additional 33,668 shares during the last quarter. Greenwood Capital Associates LLC acquired a new stake in Invesco during the 1st quarter valued at approximately $1,061,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Invesco in the 1st quarter valued at $52,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.