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Invesco Ltd. (IVZ) Shares Are Down -16.52% So Far This Year

Invesco Ltd. (NYSE:IVZ) has a beta value of 1.37 and has seen 1.9 million shares traded in the recent trading session. The company, currently valued at $8.42B, closed the recent trade at $18.56 per share which meant it lost -$0.34 on the day or -1.80% during that session. The IVZ stock price is -30.98% off its 52-week high price of $24.31 and 28.88% above the 52-week low of $13.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.16 million shares traded. The 3-month trading volume is 4.86 million shares.

The consensus among analysts is that Invesco Ltd. (IVZ) is a Hold stock at the moment, with a recommendation rating of 2.90. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 14 out of 17 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.33.

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Invesco Ltd. (NYSE:IVZ) trade information

Sporting -1.80% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the IVZ stock price touched $18.56 or saw a rise of 5.16%. Year-to-date, Invesco Ltd. shares have moved 5.06%, while the 5-day performance has seen it change -2.53%. Over the past 30 days, the shares of Invesco Ltd. (NYSE:IVZ) have changed 4.94%. Short interest in the company has seen 14.66 million shares shorted with days to cover at 2.46.

Wall Street analysts have a consensus price target for the stock at $18.19, which means that the shares’ value could drop -2.03% from the levels at last check today. The projected low price target is $14.50 while the price target rests at a high of $22.00. In that case, then, we find that the latest price level in today’s session is -18.53% off the targeted high while a plunge would see the stock lose 21.87% from the levels at last check today.

Invesco Ltd. (IVZ) estimates and forecasts

Figures show that Invesco Ltd. shares have underperformed across the wider relevant industry. The company’s shares have gained 10.46% over the past 6 months, with this year growth rate of -45.95%, compared to -13.80% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -57.70% and -35.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.80%.

5 analysts offering their estimates for the company have set an average revenue estimate of $1.06 billion for the current quarter. 4 have an estimated revenue figure of $1.04 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $1.25 billion and $1.21 billion respectively for this quarter and the next, and analysts expect sales will shrink by -15.50% for the current quarter and -14.50% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.80% over the past 5 years.

IVZ Dividends

Invesco Ltd. is expected to release its next earnings report between April 24 and April 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.75 at a share yield of 3.97%. The company’s dividend yield has gone up over the past 12 months.

Invesco Ltd. (NYSE:IVZ)’s Major holders

Insiders own 1.40% of the company shares, while shares held by institutions stand at 87.30% with a share float percentage of 88.54%. Investors are also buoyed by the number of investors in a company, with Invesco Ltd. having a total of 790 institutions that hold shares in the company. The top two institutional holders are Trian Fund Management, LP with over 55.76 million shares worth more than $899.39 million. As of Jun 29, 2022, Trian Fund Management, LP held 12.26% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 50.5 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $814.57 million and represent 11.10% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.94% shares in the company for having 13.4 million shares of worth $216.1 million while later fund manager owns 11.49 million shares of worth $185.28 million as of Jun 29, 2022, which makes it owner of about 2.52% of company’s outstanding stock.

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