Stocks of Invesco Ltd (NYSE:IVZ) traded higher last session on Wall Street, up 0.29% to $13.74.
According to the data, Invesco Ltd (NYSE:IVZ) has 17 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $13.00, we find $14.00. Given the previous closing price of $13.70, this indicates a potential upside of 2.19 percent. IVZ stock price is now -1.09% away from the 50-day moving average and -13.70% away from the 200-day moving average. The market capitalization of the company currently stands at $6.18B.
A total of 15 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $14.70 as their price target over the next twelve months.
In other news, Invesco Realty, Inc., 10% Owner bought 796,323 shares of the company’s stock on Oct 02. The stock was bought for $20,000,000 at an average price of $25.12. Upon completion of the transaction, the 10% Owner now directly owns 1,052,487 shares in the company, valued at $14.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, 10% Owner Invesco Realty, Inc. bought 2,800,000 shares of the business’s stock. A total of $70,000,000 was incurred on buying the stock at an average price of $25.00. This leaves the insider owning 853,400 shares of the company worth $11.73 million. Insiders disposed of 10,369,465 shares of company stock worth roughly $142.48 million over the past 1 year. A total of 2.09% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $13.63 for Invesco Ltd (NYSE: IVZ). During the past 12 months, Invesco Ltd has had a low of $12.48 and a high of $20.56. According to the stock market information, the enterprise value for the company is $17.10B, which is based on a 10.54 price-to-earnings ratio, a 1.25 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for IVZ is $13.85 and a two-hundred day moving average price translates $15.90 for the stock.
The latest earnings results from Invesco Ltd (NYSE: IVZ) was released for Sep, 2023. According to the Asset Management Company, earnings per share came in at $0.35, inline with analysts’ expectations of $0.35. This compares to $0.39 EPS in the same period last year. The net profit margin was 10.17% and return on equity was 5.53% for IVZ. The company reported revenue of $1.44 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.26 percent. For the current quarter, analysts expect IVZ to generate $1.1B in revenue.
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.