In the last trading session, 4.39 million Invesco Ltd. (NYSE:IVZ) shares changed hands as the company’s beta touched 1.27. With the company’s per share price at $24.95 changed hands at -$0.02 or -0.08% during last session, the market valuation stood at $11.60B. IVZ’s last price was a discount, traded about -19.08% off its 52-week high of $29.71. The share price had its 52-week low at $9.93, which suggests the last value was 60.2% up since then. When we look at Invesco Ltd.’s average trading volume, we note the 10-day average is 3.79 million shares, with the 3-month average coming to 3.79 million.
Analysts gave the Invesco Ltd. (IVZ) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 1 out of 14 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 7 recommended IVZ as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Invesco Ltd.’s EPS for the current quarter is expected to be $0.74.
Invesco Ltd. (NYSE:IVZ) trade information
Instantly IVZ was in red as seen at the end of in last trading. With action 0.85%, the performance over the past five days has been green. The drop to weekly highs of 25.56 on Tuesday, 09/14/21 subtracted -0.08% to the stock’s daily price. The company’s shares are showing year-to-date upside of 43.14%, with the 5-day performance at 0.85% in the green. However, in the 30-day time frame, Invesco Ltd. (NYSE:IVZ) is 0.40% up. Looking at the short shares, we see there were 8.21 million shares sold at short interest cover period of 2.25 days.
The consensus price target for the stock as assigned by Wall Street analysts is $30.95, meaning bulls need an upside of 19.39% from its current market value. According to analyst projections, IVZ’s forecast low is $26.00 with $40.00 as the target high. To hit the forecast high, the stock’s price needs a -60.32% plunge from its current level, while the stock would need to soar -4.21% for it to hit the projected low.
Invesco Ltd. (IVZ) estimates and forecasts
Data shows that the Invesco Ltd. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.19% over the past 6 months, a 56.48% in annual growth rate that is considerably higher than the industry average of 18.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Invesco Ltd. will rise 39.60%, while the growth in revenue is estimated to hit 11.10% for the next quarter. Year-over-year growth is forecast to reach 17.40% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $1.34 billion. 4 analysts are of the opinion that Invesco Ltd.’s revenue for the quarter ending Dec 2021 will be $1.41 billion. The company’s revenue for the corresponding quarters a year ago was $1.09 billion and $1.23 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.50%. The estimates for the next quarter sales put growth at 14.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -12.90%. The 2021 estimates are for Invesco Ltd. earnings to decrease by -11.60%, but the outlook for the next 5-year period is at 22.55% per year.
Invesco Ltd. is expected to release its next quarterly earnings report between October 25 and October 29. The 2.73% annual yield figure for the share gives it an annual dividend of 0.68. It is important to note, however, that the 2.73% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.40 per year.
Invesco Ltd. (NYSE:IVZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.43% of Invesco Ltd. shares while 82.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.82%. There are 82.62% institutions holding the Invesco Ltd. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 9.49% of the shares, roughly 43.77 million IVZ shares worth $1.1 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.57% or 39.55 million shares worth $997.37 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 11.63 million shares estimated at $293.27 million under it, the former controlled 2.52% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.19% of the shares, roughly 10.08 million shares worth around $254.31 million.