The stock of Invesco Ltd. (NYSE:IVZ) increased by $0.33 on Tuesday to finish at $15.72, up 2.14 percent. The last five days have seen an average of 2,469,400 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.27. The average number of shares traded over the last 20 days was 3,126,580, while the average volume over the last 50 days totaled 3,698,298.
IVZ stock dropped -6.43% since last month. On 08/22/23, the company’s shares reached a one-month low of $14.84. The stock touched a high of $20.56 on 02/02/23, after rallying from a low of $13.20 in 52 weeks. The price of IVZ stock has declined by -12.62% or -$2.27 this year, reaching a new high 7 times. Still, the stock price is down -23.54% from the 52-week high.
Insider Transactions
IVZ stock investors should be aware that Invesco Ltd. (IVZ) stock had its last reported insider trading activity 182 days ago on Mar 01. On Mar 01, President & CEO FLANAGAN MARTIN L sold 232,413 shares at $17.43 each. This transaction resulted in the insider making $4,050,959. On Jan 30, TRIAN FUND MANAGEMENT, L.P. sold 786,378 shares at a price of US$18.11. After the transaction, the insider now owns 45,419,188 shares. 10% Owner TRIAN FUND MANAGEMENT, L.P. had earlier sold 2,367,477 shares on Jan 27 for $18.42 a share. The transaction was completed for $43,605,849.
Valuation Metrics
Invesco Ltd. (IVZ) has a trailing price-to-earnings (P/E) ratio of 11.23. Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.22, the price-to-book (PB) ratio of 0.64, and the price-to-cash flow ratio of 7.26.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.0120 dividend increase was reported on Tuesday April 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.74, and the total debt to equity ratio is 0.74. As far as profitability goes, gross margin for the trailing twelve months is 68.40% percent. Invesco Ltd.’s operating margin stood at 17.50% for the same period. Based on annual data, it had gross profit of $1.32 billion and revenue of $6.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IVZ’s return on assets (ROA) during the last 12 months has been 2.20%. There was a 5.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.70%.
Earnings Surprise
According to Invesco Ltd.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.45 billion, while revenues fell by -7.4% to $1.43 billion. It was predicted that Invesco Ltd.’s quarterly earnings would be $0.31, but it ended up being $0.39, beating the consensus by -20.50%. EBITDA was $251.2 million for the quarter. At the end of Invesco Ltd.’s most recent quarter ended June 29, its total debt was $1.49 billion. Equity owned by shareholders amounts to $448.62 million.
Technical Picture
Here’s a quick look at Invesco Ltd.’s (IVZ) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 50.82%, suggesting the stock is Neutral, with a 22.09% historical volatility rate.
The stochastic %K and %D were 29.64% and 21.91% respectively, while the average true range (ATR) was 0.39. Based on the 14-day stochastic reading of 44.64%, the RSI (14) reading is 46.37%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at -0.07.
Analyst Ratings
Analysts have assigned Invesco Ltd. (IVZ) an Hold rating. IVZ is a stock that is recommended for selling by 0 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is IVZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $21.00, with a median target price of $17.50. In analyzing these forecasts, the average price target given by analysts for Invesco Ltd. (IVZ) is $17.82.
