The price of Invesco Ltd. (NYSE:IVZ) shares last traded on Wall Street fell -1.61% to $15.31.
Based on available information, 17 analysts follow Invesco Ltd. (NYSE:IVZ). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $16.00, we find $17.50. Given the previous closing price of $15.56, this indicates a potential upside of 12.47 percent. IVZ stock price is now -6.81% away from the 50-day moving average and -10.23% away from the 200-day moving average. The market capitalization of the company currently stands at $6.82B.
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Among analysts, 15 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $17.75 as their price target over the next twelve months.
In other news, Invesco Realty, Inc., 10% Owner bought 2,800,000 shares of the company’s stock on Sep 05. The stock was bought for $70,000,000 at an average price of $25.00. Upon completion of the transaction, the 10% Owner now directly owns 853,400 shares in the company, valued at $13.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, President & CEO FLANAGAN MARTIN L sold 232,413 shares of the business’s stock. A total of $4,050,959 was realized by selling the stock at an average price of $17.43. This leaves the insider owning 452,584 shares of the company worth $6.93 million. Insiders disposed of 8,753,737 shares of company stock worth roughly $134.02 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IVZ stock. A new stake in Invesco Ltd. shares was purchased by GILLSON CAPITAL LP during the first quarter worth $13,667,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $13,289,000 in shares of IVZ during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Invesco Ltd. valued at approximately $5,348,000. WALLEYE CAPITAL LLC acquired a new stake in IVZ for approximately $3,256,000. GTS SECURITIES LLC purchased a new stake in IVZ valued at around $1,167,000 in the second quarter. In total, there are 773 active investors with 92.20% ownership of the company’s stock.
A candlestick chart of Invesco Ltd. (NYSE: IVZ) showed a price of $15.66 on Wednesday morning. During the past 12 months, Invesco Ltd. has had a low of $13.20 and a high of $20.56. According to the stock market information, the enterprise value for the company is $17.96B, which is based on a 10.94 price-to-earnings ratio, a 0.73 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for IVZ is $16.39 and a two-hundred day moving average price translates $17.04 for the stock.
The latest earnings results from Invesco Ltd. (NYSE: IVZ) was released for Jun, 2023. According to the Asset Management Company, earnings per share came in at $0.31, missing analysts’ expectations of $0.39 by -0.08. This compares to $0.26 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 5.70% for IVZ. The company reported revenue of $1.44 billion for the quarter, compared to $1.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.72 percent. For the current quarter, analysts expect IVZ to generate $1.11B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/05/2023. Investors who held shares on 08/11/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 5.23% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend. In terms of dividend payout ratio, IVZ is presently at 54.30%.
Invesco Ltd.(IVZ) Company Profile
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.
