Invesco (NYSE:IVZ) Hits New 12-Month High – Should You Buy?

Invesco Ltd. (NYSE:IVZ) shares hit a new 52-week high on Wednesday . The company traded as high as $33.00 and last traded at $32.7650, with a volume of 2917187 shares trading hands. The stock had previously closed at $32.45.

Analysts Set New Price Targets

Several brokerages recently issued reports on IVZ. Barclays boosted their price target on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Invesco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. increased their target price on Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $30.88.

Invesco Stock Performance

The company has a market capitalization of $14.77 billion, a PE ratio of -48.99, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. 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’s fifty day moving average is $29.79 and its two-hundred day moving average is $27.24.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.36 earnings per share. Invesco’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts predict that Invesco Ltd. will post 2.82 earnings per share for the current year.

Invesco Dividend Announcement

The business 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. The ex-dividend date is Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a yield of 2.6%. Invesco’s payout ratio is currently -126.47%.

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC grew its stake 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 period. ANB Bank raised its position in Invesco by 3.1% in the first quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock worth $299,000 after acquiring an additional 375 shares during the period. Vise Technologies Inc. raised its position in Invesco by 3.3% in the fourth quarter. Vise Technologies Inc. now owns 13,182 shares of the asset manager’s stock worth $346,000 after acquiring an additional 425 shares during the period. EWA LLC boosted its stake in shares of Invesco by 3.8% during the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after acquiring an additional 452 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Invesco by 18.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,031 shares of the asset manager’s stock worth $70,000 after acquiring an additional 472 shares during the last quarter. 66.09% of the stock is 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.