Invesco Ltd. (IVZ)
- Previous Close
15.24 - Open
15.34 - Bid 15.27 x 800
- Ask 15.49 x 1200
- Day's Range
15.20 - 15.43 - 52 Week Range
12.48 - 18.71 - Volume
2,885,470 - Avg. Volume
4,544,200 - Market Cap (intraday)
6.865B - Beta (5Y Monthly) 1.42
- PE Ratio (TTM)
-- - EPS (TTM)
-0.73 - Earnings Date Apr 23, 2024
- Forward Dividend & Yield 0.80 (5.24%)
- Ex-Dividend Date Feb 15, 2024
- 1y Target Est
17.94
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.
www.invesco.com8,489
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: IVZ
Performance Overview: IVZ
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: IVZ
Valuation Measures
Market Cap
6.87B
Enterprise Value
17.99B
Trailing P/E
--
Forward P/E
9.02
PEG Ratio (5yr expected)
1.47
Price/Sales (ttm)
1.22
Price/Book (mrq)
0.65
Enterprise Value/Revenue
3.15
Enterprise Value/EBITDA
15.90
Financial Highlights
Profitability and Income Statement
Profit Margin
-1.70%
Return on Assets (ttm)
1.78%
Return on Equity (ttm)
-1.03%
Revenue (ttm)
5.72B
Net Income Avi to Common (ttm)
-333.7M
Diluted EPS (ttm)
-0.73
Balance Sheet and Cash Flow
Total Cash (mrq)
1.47B
Total Debt/Equity (mrq)
12.08%
Levered Free Cash Flow (ttm)
705.55M
Research Analysis: IVZ
Analyst Price Targets
Fair Value
Analyst Recommendations
Earnings
Research Reports: IVZ
Weekly Stock List
Argus has published its latest Portfolio Selector, which features its popular Focus List. Each month, Director of Research Jim Kelleher, CFA, surveys the team of Argus Research industry analysts for their timeliest recommendations out of the company's fundamental universe of approximately 500 stocks. The Focus List typically includes 30 stocks: turnover is high, as Jim typically adds three or four new stocks per month. Below are the latest additions, all of which are rated BUY at Argus.
Solid 1Q Leads into 2Q Uncertainty
The Portfolio Selector features the Argus Focus List, a group of 30 "best idea" stocks generated and regularly updated by Argus' analysts and investment policy committee. It also includes the director of research’s monthly investment strategy column, stock recommendations and sector picks, economic forecasts, and an asset allocation model. This month, the Focus List additions are Laboratory Corp. Of America Hl (LH); Micron Technology Inc. (MU); Oracle Corp. (ORCL); Invesco Ltd (IVZ) and the Focus List deletions are Advanced Micro Devices Inc. (AMD); American Express Co. (AXP); Crowdstrike Holdings Inc (CRWD); Unitedhealth Group Inc (UNH).
Daily Spotlight: Sector Leaders & Laggards through 1Q24
In a new performance twist, the top growth-focused sectors are barely beating the market through 1Q24 rather than trouncing it as they did a year earlier. For 1Q24, the best sector performance in the S&P 500 came from Communication Services, up 12%; this sector was also a top performer in 1Q23. But the best performer in 1Q23, Technology, was in fourth place in 1Q24. Tied for second place in 1Q24 were Financial Services and Energy, both up 12%. Technology appreciated 10% in the quarter, which put it just behind the market's 10.2% capital-appreciation gain. Industrial was just behind Technology and the market with a 9.9% gain in 1Q24. Next up was Healthcare, logging 8% appreciation as the medical profession and healthcare industry continue their prolonged transition out of the post-pandemic phase. Three sectors - Consumer Staples, Materials, and Utilities - delivered 5%-7% capital appreciation in 1Q24. Utilities is a favored sector in a declining rate environment, and investors appear to be buying ahead of the anticipated shift to accommodative Fed policy from the current restrictive stance. Consumer Discretionary, one of the better performers in 2023, was eleventh among 11 sectors in 1Q24. The Wall Street narrative is that inflation is in retreat, the economy is strong, and people are employed. But the average consumer is weary and wallet-constrained after two years of inflation. High interest rates are a further impediment to big consumer-durable purchases such as homes and cars, particularly for the middle class and below. This disconnect between the top of the economy and the middle and bottom is likely to feature in the November elections.
The Argus Mid-Cap Model Portfolio
Small- and mid-cap stocks (SMID) have underperformed large-caps over the past 12 months, but may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from global events. As well, the prices of SMID stocks generally are lower than the prices of large-caps. As well, there are long stretches in the record books when SMID stocks have outperformed large-caps. That said, SMID stocks can be risky. The standard deviation for monthly returns was 5.7% for SMID stocks over a 2003-2021 test period, versus 4.3% for large-caps. Still, despite the risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record.