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

Shares of Invesco Ltd. (NYSE:IVZ) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.66 and last traded at $32.4650, with a volume of 2068497 shares changing hands. The stock had previously closed at $32.36.

Analyst Ratings Changes

IVZ has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Royal Bank Of Canada downgraded Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Thursday. The Goldman Sachs Group increased their target price on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, TD Cowen increased their target price on Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $30.88.

Invesco Trading Up 0.6%

The firm’s 50 day moving average price is $29.05 and its 200-day moving average price is $26.91. 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 stock has a market cap of $14.43 billion, a P/E ratio of -47.85, a P/E/G ratio of 0.52 and a beta of 1.62.

Invesco (NYSE:IVZ) last announced its quarterly earnings results 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. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, August 14th. Invesco’s dividend payout ratio (DPR) is currently -126.47%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco during the first quarter valued at $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after buying an additional 2,393 shares in the last quarter. Woodline Partners LP raised its position in Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Invesco by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in Invesco by 6.6% during the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock valued at $1,615,000 after acquiring an additional 6,341 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.