Invesco Ltd (NYSE: IVZ) is -12.11% lower on its value in year-to-date trading and has touched a low of $12.48 and a high of $18.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IVZ stock was last observed hovering at around $15.63 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $15.68, the stock is 0.54% and -4.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing 0.32% at the moment leaves the stock 0.74% off its SMA200. IVZ registered -12.40% loss for a year compared to 6-month loss of -2.18%. The firm has a 50-day simple moving average (SMA 50) of $3.18 and a 200-day simple moving average (SMA200) of $16.06.
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The stock witnessed a -0.95% gain in the last 1 month and extending the period to 3 months gives it a 5.52%, and is 1.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.51% over the month.
Invesco Ltd (IVZ) has around 8489 employees, a market worth around $7.04B and $5.78B in sales. Fwd P/E is 8.31. Profit margin for the company is -5.77%. Distance from 52-week low is 25.64% and -16.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.44%).
Invesco Ltd quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $1.09B over the same period.The EPS is expected to grow by 11.85% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.
Invesco Ltd (IVZ) Top Institutional Holders
713 institutions hold shares in Invesco Ltd (IVZ), with institutional investors hold 89.80% of the company’s shares. The shares outstanding are 449.50M, and float is at 439.72M with Short Float at 1.76%. Institutions hold 88.24% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 53.26 million shares valued at $895.32 million. The investor’s holdings represent 11.87% of the IVZ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 47.86 million shares valued at $804.47 million to account for 10.67% of the shares outstanding. The other top investors are Trian Fund Management, LP which holds 33.94 million shares representing 7.57% and valued at over $570.53 million, while State Street Corporation holds 5.50% of the shares totaling 24.69 million with a market value of $415.09 million.
Invesco Ltd (IVZ) Insider Activity
A total of 0 insider transactions have happened at Invesco Ltd (IVZ) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Invesco Realty, Inc.,the company’s10% Owner. SEC filings show that Invesco Realty, Inc. bought 796,323 shares of the company’s common stock on Oct 02 at a price of $25.12 per share for a total of $20.0 million. Following the purchase, the insider now owns 1.05 million shares.
Invesco Ltd disclosed in a document filed with the SEC on Sep 05 that Invesco Realty, Inc. (10% Owner) bought a total of 2,800,000 shares of the company’s common stock. The trade occurred on Sep 05 and was made at $25.00 per share for $70.0 million. Following the transaction, the insider now directly holds 0.85 million shares of the IVZ stock.
Invesco Ltd (IVZ): Who are the competitors?
The company’s main competitors (and peers) include Morgan Stanley (MS) that is trading -7.21% down over the past 12 months. BlackRock Inc. (BLK) that is 22.57% higher over the same period.
