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

Invesco Ltd. (NYSE:IVZ) hit a new 52-week high during trading on Monday . The company traded as high as $28.64 and last traded at $28.5990, with a volume of 1336804 shares changing hands. The stock had previously closed at $28.57.

Analysts Set New Price Targets

A number of brokerages have issued reports on IVZ. Royal Bank Of Canada upped their target price on Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup boosted their price objective on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a report on Monday, December 29th. Zacks Research downgraded shares of Invesco from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $28.25 price target on shares of Invesco in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.70.

Invesco Stock Up 0.6%

The firm’s 50-day simple moving average is $25.43 and its 200-day simple moving average is $22.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.65.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the transaction, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Invesco

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Invesco by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock valued at $1,193,294,000 after acquiring an additional 593,140 shares in the last quarter. State Street Corp lifted its stake in Invesco by 1.5% during the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Invesco by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock valued at $489,325,000 after purchasing an additional 319,104 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock valued at $182,491,000 after purchasing an additional 584,035 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Invesco by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after buying an additional 88,094 shares in the last quarter. Institutional investors and hedge funds 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.