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

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Invesco from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada cut Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price on the stock. in a report on Thursday. Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.88.

Invesco Trading Up 0.2%

The stock has a market cap of $14.38 billion, a PE ratio of -47.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.31 and a current ratio of 1.31. The company’s 50-day moving average price is $28.94 and its 200 day moving average price is $26.87.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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. On average, sell-side analysts forecast that Invesco Ltd. will post 2.81 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 14th. Invesco’s payout ratio is -126.47%.

Institutional Investors Weigh In On Invesco

A number of institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. lifted its holdings in shares of Invesco by 80.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the last quarter. Larson Financial Group LLC raised its position in Invesco by 61.5% in 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 period. Torren Management LLC acquired a new position in Invesco during the fourth quarter worth $44,000. Root Financial Partners LLC lifted its stake in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Invesco by 171.0% during the first 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 period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.