Invesco Stock Hits New 52-Week High (IVZ)

NEW YORK ( TheStreet) -- Invesco (NYSE: IVZ) hit a new 52-week high Thursday as it is currently trading at $26.08, above its previous 52-week high of $26.07 with 425,458 shares traded as of 10:15 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

Invesco has a market cap of $10.1 billion and is part of the financial sector and financial services industry. Shares are up 29.4% year to date as of the close of trading on Wednesday.

Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. The company has a P/E ratio of 16.6, above the average financial services industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Invesco as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Invesco Ratings Report.

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