Invesco (NYSE:IVZ) Sets New 1-Year High – What’s Next?

Invesco Ltd. (NYSE:IVZ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $18.89 and last traded at $18.79, with a volume of 39238 shares. The stock had previously closed at $17.86.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, UBS Group increased their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.46.

Invesco Price Performance

The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $8.23 billion, a P/E ratio of -19.87, a P/E/G ratio of 1.00 and a beta of 1.44. The company has a 50 day moving average price of $17.33 and a 200 day moving average price of $16.26.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. On average, equities analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a $0.205 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.49%. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

Institutional Investors Weigh In On Invesco

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the last quarter. Swedbank AB acquired a new position in Invesco in the 1st quarter valued at $41,475,000. Ossiam grew its holdings in Invesco by 2,712.9% in the 1st quarter. Ossiam now owns 680,157 shares of the asset manager’s stock valued at $11,284,000 after buying an additional 655,977 shares in the last quarter. Marshall Wace LLP increased its position in Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after buying an additional 654,960 shares during the period. Finally, M&G Plc acquired a new stake in shares of Invesco during the first quarter worth $8,438,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.