Invesco (NYSE:IVZ) Sets New 12-Month High – Here’s What Happened

Invesco Ltd. (NYSE:IVZ)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.82 and last traded at $29.4540, with a volume of 163743 shares trading hands. The stock had previously closed at $28.92.

Analyst Ratings Changes

A number of research analysts recently issued reports on IVZ shares. The Goldman Sachs Group boosted their price objective on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley cut their price objective on Invesco from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, Evercore set a $31.00 price objective on Invesco in a research note on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.64.

Invesco Price Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market cap of $12.92 billion, a P/E ratio of -19.83, a P/E/G ratio of 0.65 and a beta of 1.60. The firm’s fifty day moving average is $26.53 and its two-hundred day moving average is $26.27.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, analysts anticipate that Invesco Ltd. will post 2.58 earnings per share for the current fiscal year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is currently -58.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. boosted its holdings in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 537 shares during the last quarter. American National Bank & Trust bought a new position in shares of Invesco during the 4th quarter valued at about $31,000. Larson Financial Group LLC boosted its holdings in shares of Invesco by 61.5% during the 3rd 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 last quarter. Torren Management LLC bought a new position in shares of Invesco during the 4th quarter valued at about $44,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 374 shares during the last quarter. 66.09% of the stock is currently owned by 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.