Invesco (NYSE:IVZ) Sets New 12-Month High – Still a Buy?

Shares of Invesco Ltd. (NYSE:IVZ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.80 and last traded at $32.1910, with a volume of 3267458 shares traded. The stock had previously closed at $32.38.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IVZ shares. 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 research report on Thursday, August 13th. Weiss Ratings upgraded Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Jefferies Financial Group raised Invesco to a “hold” rating in a report on Tuesday, June 30th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $30.88.

Invesco Trading Down 0.6%

The firm has a market cap of $14.27 billion, a price-to-earnings ratio of -47.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.62. The company’s 50-day moving average price is $29.34 and its 200-day moving average price is $27.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.83%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities analysts expect that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed 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. 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%.

Hedge Funds Weigh In On Invesco

Several hedge funds and other institutional investors have recently made changes to their positions in IVZ. SJS Investment Consulting Inc. boosted its stake in shares of Invesco by 80.1% in the first 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 lifted its holdings in Invesco by 61.5% in 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 in the last quarter. Torren Management LLC purchased a new position in Invesco in the 4th quarter valued at $44,000. Root Financial Partners LLC boosted its stake in Invesco by 28.2% during the 4th 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 during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Invesco during the 4th quarter worth $46,000. Hedge funds and other 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.