Invesco’s Outlook Amid Analysts’ ‘Hold’ Consensus
Invesco Ltd. (NYSE: IVZ) operates as a prominent publicly owned investment manager, offering its diverse range of services to various financial entities, from retail and institutional clients to corporations, non-profit organizations, and pension funds.
Analysts’ Ratings: Evaluating Invesco’s Market Position
In the latest analysis, Invesco Ltd. (NYSE: IVZ) has received an overall consensus recommendation of “Hold” from a group of nine brokerages. Among them, eight analysts have assigned a “Hold” rating, while one has expressed a “Buy” rating for the company. These ratings reflect the diverse perspectives on the investment manager’s performance and potential.
Evaluating Recent Ratings and Price Predictions
Prominent research firms have weighed in on Invesco’s standing in the market. Morgan Stanley reaffirmed an “equal weight” rating with a target price of $17.00, whereas The Goldman Sachs Group adjusted the target price to $18.50 while maintaining a “neutral” rating. Additionally, Royal Bank of Canada raised its target price to $19.00, and StockNews.com upgraded Invesco’s rating from “sell” to “hold.”
Invesco’s Market Performance: Price Range and Key Metrics
Shares of Invesco (NYSE: IVZ) began trading at $16.98 on Tuesday, revealing a 12-month low of $13.20 and a high of $20.56. The company boasts a quick ratio and current ratio of 5.15, along with a debt-to-equity ratio of 0.71. The 50-day simple moving average stands at $16.63, while the 200-day simple moving average is at $16.83.
Quarterly Earnings Insights: Invesco’s Recent Performance
During the last quarterly earnings announcement on July 25th, Invesco reported an EPS of $0.31, missing the consensus estimate by $0.09. The asset manager experienced a return on equity of 7.54% and a net margin of 15.29%. The revenue for the quarter reached $1.09 billion, slightly below analyst estimates.
Dividend Announcement and Payout Ratio
Invesco recently disclosed a quarterly dividend, set to be distributed on September 5th. Shareholders of record on August 11th will receive a dividend of $0.20 per share. This equates to an annualized dividend of $0.80, yielding 4.71%. The ex-dividend date is August 10th, and Invesco’s payout ratio stands at 56.74%.
Institutional Investment Shifts: Hedge Funds’ Influence on Invesco’s Holdings
Numerous hedge funds and institutional investors have adjusted their stakes in Invesco. Vanguard Group Inc., BlackRock Inc., and Trian Fund Management L.P. have all increased their holdings. These shifts indicate varying degrees of confidence in Invesco’s performance and future potential.
Analyzing Investment Opportunities Beyond Invesco
While Invesco retains a “Hold” rating among analysts, it’s worth considering other investment options that top analysts have been recommending. MarketBeat tracks the insights of Wall Street’s most respected analysts, and five other stocks have recently captured their attention.
