Invesco (NYSE:IVZ) Hits New 52-Week High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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 cut shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price on the stock. in a research note on Thursday, August 13th. TD Cowen lifted their price target on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Evercore set a $35.00 price objective on shares of Invesco in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Invesco from $29.00 to $29.50 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.88.

Invesco Stock Up 2.0%

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 has a 50-day moving average price of $29.46 and a 200-day moving average price of $27.07. The firm has a market cap of $14.18 billion, a P/E ratio of -47.04, a P/E/G ratio of 0.50 and a beta of 1.62.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts forecast that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Announces Dividend

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 issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s dividend payout ratio (DPR) is -126.47%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IVZ. Syon Capital LLC increased its holdings in shares of Invesco by 10.8% during the 2nd quarter. Syon Capital LLC now owns 24,529 shares of the asset manager’s stock valued at $647,000 after purchasing an additional 2,388 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Invesco by 5,543.4% during the second quarter. TD Waterhouse Canada Inc. now owns 68,455 shares of the asset manager’s stock valued at $1,839,000 after buying an additional 67,242 shares during the period. NEOS Investment Management LLC raised its position in shares of Invesco by 8.5% in the second quarter. NEOS Investment Management LLC now owns 75,600 shares of the asset manager’s stock worth $1,995,000 after acquiring an additional 5,926 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Invesco during the 2nd quarter worth about $39,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Invesco during the 2nd quarter worth about $357,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

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.