In last trading session, Invesco Ltd (NYSE:IVZ) saw 2.96 million shares changing hands with its beta currently measuring 1.43. Company’s recent per share price level of $15.71 trading at -$0.29 or -1.81% at ring of the bell on the day assigns it a market valuation of $7.06B. That closing price of IVZ’s stock is at a discount of -19.1% from its 52-week high price of $18.71 and is indicating a premium of 20.56% from its 52-week low price of $12.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.3 million shares which gives us an average trading volume of 4.64 million if we extend that period to 3-months.
Invesco Ltd (NYSE:IVZ) trade information
Upright in the red during last session for losing -1.81%, in the last five days IVZ remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $15.71 price level, adding 3.38% to its value on the day. Invesco Ltd’s shares saw a change of -11.94% in year-to-date performance and have moved 1.81% in past 5-day. Invesco Ltd (NYSE:IVZ) showed a performance of 0.58% in past 30-days. Number of shares sold short was 7.2 million shares which calculate 1.45 days to cover the short interests.
Invesco Ltd (IVZ) estimates and forecasts
Statistics highlight that Invesco Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 7.38% of value to its shares in past 6 months, showing an annual growth rate of 13.25% while that of industry is 6.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.70% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.09 billion for the same. And 9 analysts are in estimates of company making revenue of $1.11 billion in the next quarter that will end on Jun 2024. Company posted $1.08 billion and $1.09 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.30% while estimating it to be 1.50% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 12.35% while estimates for its earnings growth in next 5 years are of 13.99%.
IVZ Dividends
Invesco Ltd is more likely to be releasing its next quarterly report between April 23 and April 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Invesco Ltd (NYSE:IVZ)’s Major holders
Insiders are in possession of 1.74% of company’s total shares while institution are holding 88.18 percent of that, with stock having share float percentage of 89.74%. Investors also watch the number of corporate investors in a company very closely, which is 88.18% institutions for Invesco Ltd that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at IVZ for having 51.45 million shares of worth $808.36 million. And as of Dec 30, 2023, it was holding 11.45% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 46.3 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 10.31% of outstanding shares, having a total worth of $727.37 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 13.77 million shares of worth $216.34 million or 3.07% of the total outstanding shares. The later fund manager was in possession of 11.17 million shares on Dec 30, 2023, making its stake of worth around $175.42 million in the company or a holder of 2.49% of company’s stock.
