Invesco Ltd (NYSE: IVZ) is -5.55% lower on its value in year-to-date trading and has touched a low of $12.48 and a high of $18.28 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 $16.48 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $16.85, the stock is 2.95% and 7.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.57 million and changing 2.25% at the moment leaves the stock 7.89% off its SMA200. IVZ registered 8.15% gain for a year compared to 6-month gain of 8.99%.
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The stock witnessed a 2.43% loss in the last 1 month and extending the period to 3 months gives it a 3.31%, and is 7.05% 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 2.64% over the week and 3.42% over the month.
Invesco Ltd (IVZ) has around 8489 employees, a market worth around $7.58B and $5.77B in sales. Fwd P/E is 9.34. Profit margin for the company is -5.84%. Distance from 52-week low is 35.02% and -7.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.52%).
Invesco Ltd quarterly earnings per share for the current quarter are estimated at 0.42 with sales reaching $1.1B over the same period.The EPS is expected to grow by 7.73% this year, but quarterly earnings will post 1.40% year-over-year.
694.0 institutions hold shares in Invesco Ltd (IVZ), with institutional investors hold 89.72% of the company’s shares. The shares outstanding are 449.50M, and float is at 442.48M with Short Float at 1.60%. Institutions hold 88.25% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 54.35 million shares valued at $$901.65 million. The investor’s holdings represent 11.9501 of the IVZ Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 51.46 million shares valued at $$853.7 million to account for 11.3146 of the shares outstanding. The other top investors are TRIAN FUND MANAGEMENT, L.P. which holds 33.94 million shares representing 7.4626 and valued at over $$563.07 million, while STATE STREET CORP holds 4.8057 of the shares totaling 21.86 million with a market value of $$362.59 million.
Invesco Ltd (IVZ) Insider Activity
The most recent transaction is an insider purchase by Invesco Realty, Inc., the company’s 10% 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.
