Invesco Ltd (NYSE: IVZ)’s stock price has decreased by -0.60 compared to its previous closing price of 16.59. However, the company has seen a 4.96% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Investors interested in Financial – Investment Management stocks are likely familiar with Invesco (IVZ) and T. Rowe Price (TROW).
Is It Worth Investing in Invesco Ltd (NYSE: IVZ) Right Now?
The 36-month beta value for IVZ is at 1.43. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for IVZ is 439.72M, and currently, shorts hold a 1.83% of that float. The average trading volume for IVZ on April 02, 2024 was 4.69M shares.
IVZ’s Market Performance
IVZ stock saw an increase of 4.96% in the past week, with a monthly gain of 7.01% and a quarterly increase of -8.74%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 2.24% for Invesco Ltd (IVZ). The simple moving average for the last 20 days is 4.58% for IVZ stock, with a simple moving average of 5.63% for the last 200 days.
Analysts’ Opinion of IVZ
Many brokerage firms have already submitted their reports for IVZ stocks, with TD Cowen repeating the rating for IVZ by listing it as a “Outperform.” The predicted price for IVZ in the upcoming period, according to TD Cowen is $21 based on the research report published on January 04, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see IVZ reach a price target of $20, previously predicting the price at $15.50. The rating they have provided for IVZ stocks is “Outperform” according to the report published on December 14th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to IVZ, setting the target price at $21 in the report published on July 10th of the previous year.
IVZ Trading at 4.14% from the 50-Day Moving Average
After a stumble in the market that brought IVZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.87% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +6.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.36% lower at present.
During the last 5 trading sessions, IVZ rose by +4.96%, which changed the moving average for the period of 200-days by -0.06% in comparison to the 20-day moving average, which settled at $15.82. In addition, Invesco Ltd saw -7.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IVZ starting from Invesco Realty, Inc., who purchase 796,323 shares at the price of $25.12 back on Oct 02 ’23. After this action, Invesco Realty, Inc. now owns 1,052,487 shares of Invesco Ltd, valued at $20,000,000 using the latest closing price.
Invesco Realty, Inc., the 10% Owner of Invesco Ltd, purchase 2,800,000 shares at $25.00 during a trade that took place back on Sep 05 ’23, which means that Invesco Realty, Inc. is holding 853,400 shares at $70,000,000 based on the most recent closing price.
Stock Fundamentals for IVZ
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.59 for the gross margin
The net margin for Invesco Ltd stands at -0.02. The total capital return value is set at -0.01. Equity return is now at value -0.65, with -0.33 for asset returns.
Based on Invesco Ltd (IVZ), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is -4.95.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 5.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 6.01for trailing twelve months and the total asset turnover is 0.2.
Conclusion
In conclusion, Invesco Ltd (IVZ) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
