Invesco (NYSE:IVZ) Reaches New 52-Week High - Here's What Happened

Key Points

• Invesco shares reached a new 52-week high of $33.00, up from the prior close of $32.45, with nearly 2.9 million shares traded.
• Analyst sentiment remains cautious: Invesco has an average “Hold” rating and a consensus price target of $30.88, despite Zacks Research upgrading the stock to “Strong Buy.”
• Invesco exceeded quarterly expectations with $0.71 in earnings per share versus the $0.67 consensus and revenue of $1.33 billion. The company also declared a quarterly dividend of $0.215 per share, equivalent to a 2.6% annualized yield.

Invesco Ltd. (NYSE:IVZ - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $33.00 and last traded at $32.7650, with a volume of 2917187 shares. The stock had previously closed at $32.45.

Analysts Set New Price Targets

Several analysts recently weighed in on IVZ shares. Jefferies Financial Group raised shares of Invesco to a "hold" rating in a research note on Tuesday, June 30th. The Goldman Sachs Group lifted their target price on Invesco from $27.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. Royal Bank Of Canada lowered Invesco from an "outperform" rating to a "hold" rating and set a $39.00 price target on the stock. in a research report on Thursday, August 13th. Argus reissued a "hold" rating on shares of Invesco in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Invesco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Invesco currently has an average rating of "Hold" and a consensus target price of $30.88.

Invesco Price Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of -48.18, a PEG ratio of 0.47 and a beta of 1.62. The business's fifty day simple moving average is $29.60 and its 200 day simple moving average is $27.15.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts forecast that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th. Invesco's dividend payout ratio is -126.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Root Financial Partners LLC boosted its stake in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after purchasing an additional 374 shares during the period. ANB Bank raised its stake in Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager's stock valued at $299,000 after purchasing an additional 375 shares during the period. Carrera Capital Advisors raised its stake in Invesco by 3.7% during the 4th quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager's stock valued at $301,000 after purchasing an additional 408 shares during the period. Vise Technologies Inc. lifted its holdings in shares of Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager's stock valued at $346,000 after purchasing an additional 425 shares in the last quarter. Finally, EWA LLC lifted its holdings in shares of Invesco by 3.8% in the first quarter. EWA LLC now owns 12,490 shares of the asset manager's stock valued at $303,000 after purchasing an additional 452 shares in the last quarter. Institutional investors 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.

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