Investment firm **Invesco Ltd.** (NYSE: IVZ) saw an increase in its price target from **$27.00** to **$30.00** following a report from **JPMorgan Chase & Co.** published on October 31, 2023. This adjustment reflects a neutral rating of the asset manager’s stock, indicating a cautious but optimistic outlook among analysts.
Several other financial institutions have also adjusted their ratings on Invesco. **Morgan Stanley** increased its target price from **$27.00** to **$28.00** and assigned an “equal weight” rating in a report released on **December 17, 2023**. Furthermore, **Deutsche Bank Aktiengesellschaft** upgraded Invesco from a “hold” to a “buy” rating, raising its price objective from **$26.00** to **$31.00** on the same date.
On January 10, **Wall Street Zen** also moved Invesco’s rating from “hold” to “buy.” Meanwhile, **Zacks Research** downgraded the stock from a “strong buy” to a “hold” rating on **December 5, 2023**. In another notable shift, **BMO Capital Markets** revised its price target upward from **$28.00** to **$30.00** with an “outperform” rating on **December 10, 2023**.
According to data from **MarketBeat**, a total of five analysts currently rate Invesco with a “buy” rating, while twelve analysts have assigned a “hold” rating. The consensus rating stands at “hold,” with an average target price of **$26.36**.
Invesco’s Recent Financial Performance
Invesco reported its quarterly earnings on **October 28, 2023**, revealing earnings per share (EPS) of **$0.61**. This figure surpassed the analysts’ consensus estimate of **$0.44** by **$0.17**. The asset manager’s revenue reached **$1.19 billion**, above the consensus estimate of **$1.17 billion** and reflecting a **7.4%** increase year-over-year. The company’s net margin was recorded at **14.15%** with a return on equity of **9.11%**.
Analysts project that Invesco will achieve an EPS of **$1.87** for the current fiscal year.
Dividend and Insider Activity
Invesco also announced a quarterly dividend of **$0.21** per share, which was paid on **December 2, 2023**. Investors of record as of **November 14, 2023**, received this dividend. The annualized dividend totals **$0.84**, providing a yield of **2.9%**. Invesco’s payout ratio currently stands at **57.14%**.
In a significant insider transaction, Director **Douglas J. Sharp** sold **160,000 shares** of Invesco on **October 31, 2023**, at an average price of **$23.56**, amounting to a total sale value of **$3,769,600**. Following the sale, Sharp retained **192 shares**, valued at **$4,523.52**, marking a **99.88%** reduction in his holdings. This transaction was disclosed in a filing with the **Securities and Exchange Commission**.
Institutional Holdings and Market Insights
Recent activity from institutional investors indicates a growing interest in Invesco. **Capital A Wealth Management LLC** raised its holdings in Invesco by **4,802.9%** during the second quarter, acquiring an additional **1,633 shares**. Other firms such as **CNB Bank**, **Root Financial Partners LLC**, and **Sentry Investment Management LLC** also purchased new stakes in the company during the third quarter, with total investments around **$26,000 to $31,000**.
Currently, institutional investors and hedge funds own **66.09%** of Invesco’s stock, reflecting significant confidence in the firm’s future prospects.
With a history dating back to **1935**, Invesco Ltd. is headquartered in **Atlanta, Georgia**, and is recognized as a prominent global investment management firm. The company offers a diverse range of investment strategies encompassing equity and fixed income funds, exchange-traded funds (ETFs), and various specialized offerings.
As the market continues to react to these developments, investor sentiment around Invesco remains cautiously optimistic, driven by recent financial performance and strategic adjustments by analysts.
