Invesco (NYSE:IVZ) Upgraded to Outperform at Royal Bank Of Canada

Invesco (NYSE:IVZ) was upgraded by investment analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a $35.00 target price on the asset manager’s stock, up from their previous target price of $25.00. Royal Bank Of Canada’s price target would indicate a potential upside of 25.44% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wall Street Zen raised Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Citigroup boosted their price target on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. The Goldman Sachs Group set a $28.75 target price on Invesco in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $26.36.

Invesco Trading Down 5.2%

Shares of NYSE:IVZ opened at $27.90 on Wednesday. The business’s fifty day simple moving average is $26.17 and its 200-day simple moving average is $23.32. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Invesco has a 12-month low of $11.60 and a 12-month high of $29.51. The company has a market capitalization of $12.42 billion, a PE ratio of 18.98, a P/E/G ratio of 0.50 and a beta of 1.65.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Invesco will post 1.87 earnings per share for the current fiscal year.

Insider Activity at Invesco

In other news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently modified their holdings of the stock. Park Capital Management LLC WI acquired a new stake in shares of Invesco during the 4th quarter valued at about $1,204,000. Savvy Advisors Inc. bought a new stake in shares of Invesco in the 4th quarter worth approximately $217,000. American National Bank & Trust acquired a new stake in Invesco during the fourth quarter worth $31,000. Wealth Management Associates Inc. bought a new position in Invesco during the fourth quarter worth about $510,000. Finally, Louisbourg Investments Inc. bought a new position in shares of Invesco during the 4th quarter worth approximately $196,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Company Profile

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.