Invesco (NYSE:IVZ) Hits New 1-Year High – Should You Buy?

Invesco Ltd. (NYSE:IVZ)’s share price hit a new 52-week high on Monday . The company traded as high as $27.70 and last traded at $27.75, with a volume of 596728 shares. The stock had previously closed at $26.94.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IVZ shares. Cowen restated a “buy” rating on shares of Invesco in a research note on Thursday, December 4th. Evercore ISI lifted their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Fundamental Research set a $27.00 price objective on shares of Invesco in a report on Friday, October 31st. The Goldman Sachs Group reduced their price target on shares of Invesco from $26.50 to $25.50 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada upped their target price on Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.53.

Invesco Stock Up 4.0%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $24.98 and a two-hundred day simple moving average of $22.24. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 0.49 and a beta of 1.65.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s dividend payout ratio is 57.14%.

Insider Activity

In other news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC boosted its holdings in shares of Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after buying an additional 1,633 shares during the period. CNB Bank bought a new position in shares of Invesco during the third quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Invesco in the third quarter valued at approximately $30,000. Sentry Investment Management LLC acquired a new stake in Invesco during the third quarter worth approximately $30,000. Finally, IFP Advisors Inc increased its stake in Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock worth $34,000 after acquiring an additional 761 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.