Invesco (NYSE:IVZ) Reaches New 1-Year High – Here’s What Happened

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Morgan Stanley boosted their target price on Invesco from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. BMO Capital Markets boosted their price target on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Finally, Fundamental Research set a $27.00 price target on shares of Invesco in a research note on Friday, October 31st. Five equities research 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, Invesco has an average rating of “Hold” and a consensus price target of $24.53.

Invesco Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $12.05 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The stock has a 50 day simple moving average of $24.35 and a two-hundred day simple moving average of $21.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $0.44 earnings per share. Invesco’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

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

Insider Activity at Invesco

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Invesco by 4.9% during the third quarter. Allworth Financial LP now owns 59,698 shares of the asset manager’s stock worth $1,369,000 after purchasing an additional 2,802 shares in the last quarter. Groupama Asset Managment acquired a new position in Invesco during the third quarter worth $573,000. Prana Capital Management LP grew its holdings in Invesco by 425.7% in the 3rd quarter. Prana Capital Management LP now owns 998,874 shares of the asset manager’s stock valued at $22,914,000 after buying an additional 808,882 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Invesco in the 3rd quarter worth $1,045,000. Finally, Caerus Investment Advisors LLC purchased a new position in shares of Invesco during the 3rd quarter worth $247,000. 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.