Invesco Ltd (NYSE: IVZ) is -12.67% 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 $15.80 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $15.58, the stock is 0.07% and -4.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.56 million and changing -1.39% at the moment leaves the stock 0.01% off its SMA200. IVZ registered -5.06% loss for a year compared to 6-month gain of 1.10%. The firm has a 50-day simple moving average (SMA 50) of $3.17 and a 200-day simple moving average (SMA200) of $16.02.
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The stock witnessed a -2.01% loss in the last 1 month and extending the period to 3 months gives it a 2.43%, and is -0.64% down 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 2.30% over the week and 2.48% over the month.
Invesco Ltd (IVZ) has around 8489 employees, a market worth around $7.00B and $5.78B in sales. Fwd P/E is 8.23. Profit margin for the company is -5.77%. Distance from 52-week low is 24.84% and -16.73% 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 12.35% 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
714 institutions hold shares in Invesco Ltd (IVZ), with institutional investors hold 89.79% of the company’s shares. The shares outstanding are 449.50M, and float is at 439.72M with Short Float at 1.64%. Institutions hold 88.23% 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
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 ’23 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 ’23 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 ’23 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.
