Shares of Invesco Ltd (NYSE:IVZ) traded at a new 52-week high today of $29.02. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 4.4 million shares.
Invesco provides investment management services to retail (70% of managed assets) and institutional (30%) clients. At the end of March 2021, the firm had $1.404 trillion in assets under management spread out among its equity (52% of AUM), balanced (6%), fixed-income (21%), alternative investment (13%), and money market (8%) operations. Passive products accounted for 28% of Invesco’s total AUM–46% of the company’s equity operations and 13% of its fixed-income platform–at the end of the first quarter of 2021. Invesco’s U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside the U.S., with close to one third of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (11%), and Asia (14%).
Based on a current price of $29.01, Invesco Ltd is currently 30.7% above its average consensus analyst price target of $20.11.
Invesco Ltd share prices have moved between a 52-week high of $29.02 and a 52-week low of $8.26 and are now trading 251% above that low price at $29.01 per share.
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