Invesco (NYSE:IVZ) Reaches New 12-Month High Following Analyst Upgrade

Invesco Ltd. (NYSE:IVZ)’s share price hit a new 52-week high on Wednesday after Royal Bank Of Canada upgraded the stock from a sector perform rating to an outperform rating. Royal Bank Of Canada now has a $35.00 price target on the stock, up from their previous price target of $25.00. Invesco traded as high as $29.55 and last traded at $29.1610, with a volume of 3297753 shares. The stock had previously closed at $27.91.

A number of other research analysts have also weighed in on IVZ. JPMorgan Chase & Co. boosted their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. Fundamental Research set a $27.00 target price on Invesco in a research note on Friday, October 31st. BMO Capital Markets raised their target price on Invesco from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 10th. Finally, Evercore ISI upped their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.36.

Insider Buying and Selling at Invesco

In other news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the sale, the director directly owned 192 shares in the company, valued at approximately $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Invesco

Institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS boosted its stake in Invesco by 46.1% in the second quarter. KLP Kapitalforvaltning AS now owns 96,300 shares of the asset manager’s stock valued at $1,519,000 after acquiring an additional 30,400 shares during the last quarter. Aviance Capital Partners LLC bought a new stake in shares of Invesco during the 3rd quarter valued at $1,013,000. First Trust Advisors LP lifted its stake in shares of Invesco by 5,065.4% in the 2nd quarter. First Trust Advisors LP now owns 3,380,933 shares of the asset manager’s stock valued at $53,317,000 after purchasing an additional 3,315,480 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Invesco by 729.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 108,246 shares of the asset manager’s stock worth $1,707,000 after purchasing an additional 95,190 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Invesco by 12.1% during the second quarter. Legal & General Group Plc now owns 884,579 shares of the asset manager’s stock worth $13,950,000 after purchasing an additional 95,316 shares during the period. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 4.5%

The business has a fifty day moving average of $26.26 and a 200 day moving average of $23.36. The firm has a market cap of $12.98 billion, a P/E ratio of 19.84, a P/E/G ratio of 0.48 and a beta of 1.65. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. On average, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

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

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.