Invesco Ltd. (NYSE:IVZ) finished Friday with an addition of $0.06 to close at $15.19, an upside of 0.40 percent. An average of 2,647,960 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,283,575 shares traded, while the 50-day average volume stands at 3,849,772.
IVZ stock has decreased by -5.94% in the last month. The company shares reached their 1-month lowest point of $14.84 on 08/22/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $13.20 and a high of $20.56 in 52 weeks. It has reached a new high 7 times so far this year and lost -15.56% or -$2.80 in price. In spite of this, the price is down -26.12% from the 52-week high.
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Insider Transactions
IVZ stock investors should be aware that Invesco Ltd. (IVZ) stock had its last reported insider trading activity 178 days ago on Mar 01. In this transaction, the insider spent $4,050,959. 10% Owner, TRIAN FUND MANAGEMENT, L.P., disposed of 786,378 shares at a price of $18.11 on Jan 30. The insider now owns more than $14,242,800 worth of shares. Prior to that, 10% Owner TRIAN FUND MANAGEMENT, L.P. went on to Sale 2,367,477 shares at $18.42 each on Jan 27. An amount of $43,605,849 was transacted.
Valuation Metrics
Invesco Ltd. (IVZ) has a trailing price-to-earnings (P/E) ratio of 10.85. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 0.61, and the price-to-cash flow ratio at 7.11.
The company has a payout ratio of 54.30%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest increase dividend $0.0120 reported on Tuesday April 25 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.74 and a total debt to equity ratio of 0.74 for the quarter ending June 29. Its gross profit as reported stood at $1.32 billion compared to revenue of $6.05 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Invesco Ltd.’s return on assets was 2.20%.
Earnings Surprise
For the three-month period that ended June 29, Invesco Ltd. had $1.49 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $132.2 million in the quarter, while revenues were grew 8.47%. The analyst consensus anticipated Invesco Ltd.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.31, a -20.50% surprise. For the quarter, EBITDA amounted to $251.2 million. At the end of the quarter ending June 29, Invesco Ltd.’s stock balance sheet showed total debt was $1.49 billion. Shareholders own equity worth $448.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Invesco Ltd. (IVZ) price momentum. RSI 9-day as of the close on 25 August was 34.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.13%.
As of today, IVZ’s price is $15.12 -0.33% or -$0.05 from its 5-day moving average. IVZ is currently trading -8.49% lower than its 20-day SMA and -6.23% lower than its 100-day SMA. However, the stock’s current price level is -8.27% below the SMA50 and -6.18% below the SMA200.
The stochastic %K and %D were 17.08% and 13.45%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 17.22% and the average true range at 0.42, the RSI (14) stands at 36.71%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.
Analyst Ratings
The consensus rating for Invesco Ltd. (IVZ) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IVZ, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is IVZ’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $21.00, with a median target of $17.50. Taking a look at these predictions, the average price target given by analysts for Invesco Ltd. (IVZ) stock is $17.82.
