Invesco Ltd. shares reached a 52-week high of $32.82 on Tuesday, extending gains following stronger-than-expected second-quarter results that drove revenue and earnings above forecasts.
The Atlanta-based asset manager reported adjusted earnings of $0.71 per share, topping the $0.64 estimate, while revenue totaled $1.82 billion compared with a projected $1.27 billion. Invesco’s assets under management stood at $2.5 trillion, and the company addressed a redemption backlog of $2.2 billion. Management also implemented a 20% reduction in fees, according to data cited by Bloomberg.
Shares closed at $32.45, up $0.43, or 1.34%, in prior trading. Pre-market activity showed a slight decline to $32.39, down $0.06, or 0.18%. The stock’s 12-month total return neared 55%, and its market capitalization stood at $14.41 billion.
Analysts at TD Cowen raised Invesco’s price target to $39.00, maintaining a Buy rating while lifting 2026-2027 adjusted earnings per share estimates beyond consensus. Evercore noted improved asset manager flows in July, citing strong demand for exchange-traded funds as a key driver of performance.
The company’s real estate fund size was reported at $12.7 billion, according to Bloomberg data.
