Invesco (NYSE:IVZ) Sets New 1-Year High - Here's What Happened

Key Points

• Invesco shares reached a new 52-week high of $32.80 before last trading at $32.19, with the stock up substantially from its 50-day and 200-day moving averages.
• Recent quarterly results exceeded expectations: Invesco reported adjusted EPS of $0.71 versus the $0.67 consensus and revenue of $1.33 billion, up 20.5% year over year.
• Analyst sentiment remains cautious overall, with an average “Hold” rating and a $30.88 price target, although TD Cowen upgraded its target to $39 and Zacks Research issued a “Strong Buy” rating. Invesco also declared a quarterly dividend of $0.215 per share, representing a 2.7% annualized yield.

Shares of Invesco Ltd. (NYSE:IVZ - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $32.80 and last traded at $32.1910, with a volume of 3267458 shares traded. The stock had previously closed at $32.38.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IVZ shares. Argus restated a "hold" rating on shares of Invesco in a research note on Wednesday, April 29th. Barclays lifted their price objective on shares of Invesco from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Invesco from $29.00 to $29.50 and gave the company a "neutral" rating in a report on Wednesday, July 29th. TD Cowen upped their target price on Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Finally, Zacks Research upgraded Invesco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Invesco presently has an average rating of "Hold" and an average price target of $30.88.

Invesco Stock Down 0.6%

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. The business's 50-day simple moving average is $29.34 and its 200-day simple moving average is $27.00. The company has a market capitalization of $14.27 billion, a PE ratio of -47.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The business's revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.7%. Invesco's payout ratio is currently -126.47%.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. lifted its holdings in shares of Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock valued at $29,000 after buying an additional 537 shares during the period. Larson Financial Group LLC boosted its stake in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager's stock worth $34,000 after buying an additional 558 shares during the last quarter. Torren Management LLC acquired a new stake in Invesco during the fourth quarter worth about $44,000. Root Financial Partners LLC grew its holdings in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after acquiring an additional 374 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in Invesco during the fourth quarter valued at approximately $46,000. 66.09% of the stock is owned by institutional investors and hedge funds.

About Invesco

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.

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