Invesco Ltd (NYSE:IVZ) price on Friday, May 10, rose 1.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $15.36.
A look at the stock’s price movement, the level at last check in today’s session was $15.21. Turning to its 52-week performance, $18.71 and $12.48 were the 52-week high and 52-week low respectively. Overall, IVZ moved -2.20% over the past month.
Invesco Ltd’s market cap currently stands at around $6.91 billion. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 3.90%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.1B for the company’s revenue for the quarter, with a low and high estimate of 1.07B and 1.13B respectively. The average forecast suggests up to a 0.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.41B, representing a 2.20% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IVZ is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
IVZ’s current price about 3.18% and -1.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.20, while 7-day volatility ratio is 2.00% and 2.33% in the 30-day chart. Further, Invesco Ltd (IVZ) has a beta value of 1.45, and an average true range (ATR) of 0.38.
If we refocus on Invesco Ltd (NYSE:IVZ), historical trading data shows that trading volumes averaged 4.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 449.50 million shares.
The 1.66% of Invesco Ltd’s shares are in the hands of company insiders while institutional holders own 84.11% of the company’s shares. Current price change has pushed the stock -13.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IVZ stock continues to rise going into the next quarter.