Invesco Ltd. [NYSE: IVZ] price plunged by -0.63 percent to reach at -$0.12. The company report on January 17, 2023 that Invesco Canada announces changes to risk ratings on Canadian ETFs.
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– Invesco Canada Ltd. announced today changes to the risk ratings applicable to several of its Canadian exchange-traded funds (ETFs). The changes in risk rating are effective immediately and details are included in the following table.
A sum of 4108220 shares traded at recent session while its average daily volume was at 4.72M shares. Invesco Ltd. shares reached a high of $19.57 and dropped to a low of $18.94 until finishing in the latest session at $19.03.
The one-year IVZ stock forecast points to a potential downside of -8.43. The average equity rating for IVZ stock is currently 2.90, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Invesco Ltd. [IVZ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IVZ shares is $17.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IVZ stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Invesco Ltd. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 10, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on December 15, 2022, representing the official price target for Invesco Ltd. stock. Previously, the target price had yet another drop from $13 to $11.50, while Credit Suisse kept a Underperform rating on IVZ stock.
The Average True Range (ATR) for Invesco Ltd. is set at 0.56, with the Price to Sales ratio for IVZ stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 2.23.
IVZ Stock Performance Analysis:
Invesco Ltd. [IVZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.51. With this latest performance, IVZ shares gained by 0.16% in over the last four-week period, additionally plugging by 12.87% over the last 6 months – not to mention a drop of -23.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IVZ stock in for the last two-week period is set at 52.94, with the RSI for the last a single of trading hit 50.84, and the three-weeks RSI is set at 53.96 for Invesco Ltd. [IVZ]. The present Moving Average for the last 50 days of trading for this stock 18.64, while it was recorded at 19.38 for the last single week of trading, and 17.70 for the last 200 days.
Insight into Invesco Ltd. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Invesco Ltd. [IVZ] shares currently have an operating margin of +27.76 and a Gross Margin at +66.41. Invesco Ltd.’s Net Margin is presently recorded at +23.25.
Return on Equity for this stock inclined to 10.92, with Return on Assets sitting at 4.71.
Invesco Ltd. [IVZ] Insider Position Details
There are presently around $6,094 million, or 92.20% of IVZ stock, in the hands of institutional investors. The top three institutional holders of IVZ stocks are: TRIAN FUND MANAGEMENT, L.P. with ownership of 55,758,634, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 51,822,554 shares of the stock with an approximate value of $986.18 million in IVZ stocks shares; and BLACKROCK INC., currently with $826.49 million in IVZ stock with ownership of nearly 9.156% of the company’s market capitalization.
Positions in Invesco Ltd. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 278 institutional holders increased their position in Invesco Ltd. [NYSE:IVZ] by around 37,798,133 shares. Additionally, 199 investors decreased positions by around 15,593,157 shares, while 95 investors held positions by with 266,845,172 shares. The mentioned changes placed institutional holdings at 320,236,462 shares, according to the latest SEC report filing. IVZ stock had 56 new institutional investments in for a total of 2,950,108 shares, while 60 institutional investors sold positions of 6,944,822 shares during the same period.