Invesco Reaches New 12-Month High at $40.66 (IVZ)
Shares of Invesco (NYSE:IVZ) reached a new 52-week high during mid-day trading on Monday , AnalystRatings.Net reports. The stock traded as high as $40.66 and last traded at $40.55, with a volume of 826,472 shares traded. The stock had previously closed at $40.00.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Invesco from $38.00 to $40.00 in a research note on Friday, August 15th. They now have a “neutral” rating on the stock. Separately, analysts at Argus raised their price target on shares of Invesco from $42.00 to $45.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco from $45.00 to $46.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $42.15.
The stock has a 50-day moving average of $38.48 and a 200-day moving average of $36.3. The company has a market cap of $17.564 billion and a P/E ratio of 18.17.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, July 31st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.06. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, analysts predict that Invesco will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, August 19th.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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