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Is Invesco Ltd. (NYSE: IVZ) the next life-changing stock to watch out for?

In the last trading session, 7.41 million Invesco Ltd. (NYSE:IVZ) shares changed hands as the company’s beta touched 1.40. With the company’s per share price at $15.57 changed hands at $0.06 or 0.39% during last session, the market valuation stood at $6.96B. IVZ’s last price was a discount, traded about -32.05% off its 52-week high of $20.56. The share price had its 52-week low at $13.20, which suggests the last value was 15.22% up since then. When we look at Invesco Ltd.’s average trading volume, we note the 10-day average is 4.4 million shares, with the 3-month average coming to 3.84 million.

Analysts gave the Invesco Ltd. (IVZ) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.80. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 15 recommended IVZ as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Invesco Ltd.’s EPS for the current quarter is expected to be $0.38.

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Invesco Ltd. (NYSE:IVZ) trade information

Instantly IVZ was in green as seen at the end of in last trading. With action 0.78%, the performance over the past five days has been green. The jump to weekly highs of 15.80 on Friday, 09/15/23 added 0.39% to the stock’s daily price. The company’s shares are showing year-to-date downside of -13.45%, with the 5-day performance at 0.78% in the green. However, in the 30-day time frame, Invesco Ltd. (NYSE:IVZ) is 1.63% up. Looking at the short shares, we see there were 10.84 million shares sold at short interest cover period of 3.32 days.

The consensus price target for the stock as assigned by Wall Street analysts is $17.75, meaning bulls need an upside of 12.28% from its current market value. According to analyst projections, IVZ’s forecast low is $16.00 with $21.00 as the target high. To hit the forecast high, the stock’s price needs a -34.87% plunge from its current level, while the stock would need to soar -2.76% for it to hit the projected low.

Invesco Ltd. (IVZ) estimates and forecasts

Data shows that the Invesco Ltd. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.99% over the past 6 months, a -8.93% in annual growth rate that is considerably lower than the industry average of 1.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Invesco Ltd. will rise 11.80%, while the growth in revenue is estimated to hit 17.90% for the next quarter. Year-over-year growth is forecast to reach -4.70% down from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $1.11 billion. 8 analysts are of the opinion that Invesco Ltd.’s revenue for the quarter ending Dec 2023 will be $1.15 billion. The company’s revenue for the corresponding quarters a year ago was $1.12 billion and $1.11 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.00%. The estimates for the next quarter sales put growth at 3.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.30%. The 2023 estimates are for Invesco Ltd. earnings to decrease by -50.30%, but the outlook for the next 5-year period is at 14.90% per year.

IVZ Dividends

Invesco Ltd. is expected to release its next quarterly earnings report in October. The 5.14% annual yield figure for the share gives it an annual dividend of 0.80. It is important to note, however, that the 5.14% 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.

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

If we look at who the major shareholders are, we find that insiders hold 1.66% of Invesco Ltd. shares while 89.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.64%. There are 89.13% institutions holding the Invesco Ltd. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.87% of the shares, roughly 53.26 million IVZ shares worth $895.32 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.67% or 47.86 million shares worth $804.47 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 14.15 million shares estimated at $237.86 million under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.64% of the shares, roughly 11.83 million shares worth around $198.84 million.

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