Invesco (NYSE:IVZ) Sets New 12-Month High – Should You Buy?

Invesco Ltd. (NYSE:IVZ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.36 and last traded at $27.3770, with a volume of 186154 shares changing hands. The stock had previously closed at $27.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IVZ shares. Bank of America upped their price objective on shares of Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. BMO Capital Markets increased their price objective on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Royal Bank Of Canada upped their target price on Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Barclays upped their target price on shares of Invesco from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. Finally, Citigroup boosted their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Five analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.53.

Invesco Trading Up 1.5%

The business’s 50 day moving average price is $24.20 and its 200-day moving average price is $21.37. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.66 and a beta of 1.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23.

Invesco (NYSE:IVZ) last released its quarterly earnings results 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 return on equity of 9.11% and a net margin of 14.15%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s payout ratio is 57.14%.

Insider Buying and Selling

In other news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director owned 192 shares in the company, valued at $4,523.52. The trade was a 99.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. Vanguard Group Inc. raised its stake in shares of Invesco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after purchasing an additional 593,140 shares during the period. State Street Corp boosted its position in Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares during the last quarter. AQR Capital Management LLC grew its position in Invesco by 5.3% in the second quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after buying an additional 88,094 shares in the last quarter. 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.