Invesco Ltd. (NYSE:IVZ) saw a downside of -0.92% to close Monday at $24.80 after subtracting -$0.23 on the day. The 5-day average trading volume is 4,306,420 shares of the company’s common stock. It has gained $25.86 in the past week. An average of 5,061,650 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,171,664.
IVZ’s 1-month performance is 0.81% or $0.20 on its low of $23.44 reached on 09/21/21. The company’s shares have touched a 52-week low of $12.74 and high of $29.71, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, IVZ has achieved 42.28% or $7.37. However, the current price is down -16.53%% from the 52-week high price.
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On Sep 13, 29 days have gone by since the last insider trading activity for Invesco Ltd. (IVZ). Lo Andrew Tak Shing (Senior Managing Director) most recently sold 150,000 shares at $24.91 per share on Sep 13. This transaction cost the insider $3,736,500. Director, WOOD PHOEBE A, sold 8,824 shares at a price of $26.65 on May 12. Then, on May 11, Senior Managing Director Lo Andrew Tak Shing sold 300,000 shares at a price of $27.34 per share. This transaction amounted to $8,202,000.
The company’s PE ratio for the last five years has touched a high of 22.81 and a low of 5.512. IVZ stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.78 while the price-to-book (PB) in the most recent quarter is 1.05, with the price to cash flow ratio at 11.80.
Invesco Ltd. pays an annual dividend of $0.68 per share. Its dividend yield is 2.74% and the payout ratio is 28.20%. IVZ paid $0.09 a share compared with prior rate of $0.17, down -88.89% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.08 reported on Friday October 1 2021. Measured over the last 3 years, the Dividend has been growing by -32.61% yearly.
It is projected that Invesco Ltd.’s next ex-dividend date will be on 12-Nov. IVZ is expected to distribute $0.17 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.81, while the total debt to equity was 0.81. In terms of profitability, the gross margin trailing 12 months is 68.50%. while for the period ending June 29; Invesco Ltd.’s operating margin was 20.00%. The firm’s gross profit as reported stood at $920.4 million against revenue of $6.15 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected IVZ to announce $0.7 per share in earnings in its latest quarter, but it posted $0.78, representing a 11.40% surprise. EBITDA for the quarter stood at more than $523.7 million. IVZ stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.08 billion. Shareholders hold equity totaling $461.39 million
Let’s look briefly at Invesco Ltd. (IVZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 48.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.59%.
The stock’s 5-day moving average is $25.18, reflecting a +2.90% or $0.70 change from its current price. IVZ is currently trading -0.68% above its 20-day SMA, -7.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.72% and +41.31% respectively.
Stochastic %K and %D was 63.32% and 63.80% and the average true range (ATR) pointed at 0.83. The RSI (14) points at 49.29%, while the 14-day stochastic is at 44.50% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at 0.26 and 0.22 on the 14-day charts.
In the most recent analyst report for Invesco Ltd. (NYSE: IVZ), Citigroup upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for IVZ stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate IVZ as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is IVZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $26.00 and a high of $40.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Invesco Ltd. (IVZ) stock is $30.64.