Invesco Ltd (NYSE:IVZ) has a beta value of 1.41 and has seen 1.97 million shares traded in the recent trading session. The company, currently valued at $7.23B, closed the recent trade at $16.08 per share which meant it lost -$0.86 on the day or -5.05% during that session. The IVZ stock price is -16.36% off its 52-week high price of $18.71 and 22.39% above the 52-week low of $12.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.28 million shares traded. The 3-month trading volume is 4.72 million shares.
Invesco Ltd (NYSE:IVZ) trade information
Sporting -5.05% in the red today, the stock has traded in the red over the last five days, when the IVZ stock price touched $16.08 or saw a rise of 6.07%. Year-to-date, Invesco Ltd shares have moved -9.84%, while the 5-day performance has seen it change -3.57%. Over the past 30 days, the shares of Invesco Ltd (NYSE:IVZ) have changed 1.80%. Short interest in the company has seen 8.04 million shares shorted with days to cover at 1.82.
Invesco Ltd (IVZ) estimates and forecasts
Figures show that Invesco Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 18.01% over the past 6 months, with this year growth rate of 14.57%, compared to 7.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 2.60% and 35.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.10%.
9 analysts offering their estimates for the company have set an average revenue estimate of $1.09 billion for the current quarter. 9 have an estimated revenue figure of $1.11 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.08 billion and $1.09 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.40% for the current quarter and 2.00% for the next.
Earnings growth for 2024 is a modest 14.12% while over the next 5 years, the company’s earnings are expected to increase by 13.71%.
IVZ Dividends
Invesco Ltd is expected to release its next earnings report on April 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.80 at a share yield of 4.97%. The company’s dividend yield has gone up over the past 12 months.
Invesco Ltd (NYSE:IVZ)’s Major holders
Insiders own 1.74% of the company shares, while shares held by institutions stand at 88.18% with a share float percentage of 89.74%. Investors are also buoyed by the number of investors in a company, with Invesco Ltd having a total of 711 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 53.26 million shares worth more than $895.32 million. As of Jun 29, 2023, Vanguard Group Inc held 11.87% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 47.86 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $804.47 million and represent 10.67% 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, 2023, the former fund manager holds about 3.15% shares in the company for having 14.15 million shares of worth $237.86 million while later fund manager owns 11.83 million shares of worth $198.84 million as of Jun 29, 2023, which makes it owner of about 2.64% of company’s outstanding stock.
