Invesco (NYSE:IVZ) Sets New 52-Week High – Should You Buy?

Shares of Invesco Ltd. (NYSE:IVZ) hit a new 52-week high during trading on Tuesday . The stock traded as high as $31.67 and last traded at $31.5560, with a volume of 215058 shares trading hands. The stock had previously closed at $30.91.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. TD Cowen upped their price objective on Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, Morgan Stanley increased their target price on Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.88.

Invesco Stock Up 0.1%

The company has a market capitalization of $14.19 billion, a PE ratio of -47.08, a PEG ratio of 0.51 and a beta of 1.62. The company’s 50 day moving average is $28.47 and its two-hundred day moving average is $26.75. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.03%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Invesco Ltd. will post 2.81 earnings per share for the current year.

Invesco Announces Dividend

The company 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 $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th. Invesco’s payout ratio is currently -126.47%.

Institutional Trading of Invesco

Large investors have recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its position in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the last quarter. Larson Financial Group LLC lifted its position in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the last quarter. Torren Management LLC bought a new position in Invesco during the fourth quarter valued at $44,000. Root Financial Partners LLC grew its stake in shares of 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 buying an additional 374 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Invesco by 171.0% in the 1st quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock worth $45,000 after buying an additional 1,173 shares during 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.