Invesco (NYSE:IVZ) Sets New 1-Year High – Here’s Why

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on IVZ. Barclays increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. BMO Capital Markets dropped their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.64.

Invesco Stock Up 1.5%

The company has a market cap of $13.02 billion, a P/E ratio of -19.96, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The firm’s 50 day moving average price is $26.33 and its 200-day moving average price is $26.21.

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

Invesco Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco in the 1st quarter valued at approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 valued at $543,000 after acquiring an additional 2,393 shares during the period. Woodline Partners LP raised its position in shares of Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Invesco by 1.2% in 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. raised its position in shares of Invesco by 6.6% in 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. Institutional investors 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.