IVZ Stock Summary and Trading Ideas (Invesco | NYSE:IVZ)

Invesco provides investment-management services to retail (66% of managed assets) and institutional (34%) clients. At the end of March 2024, the firm had $1.663 trillion in assets under management spread among its equity (54% of AUM), balanced (4%), fixed-income (20%), alternative investment (10%), and money market (12%) operations. Passive products account for 40% of Invesco's total AUM, including 65% of the company's equity operations and 15% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 29% of its AUM sourced from Europe, Africa, and the Middle East (14%) and Asia (15%).

Invesco trades on the NYSE stock market under the symbol IVZ.

As of April 22, 2024, IVZ stock price climbed to $15.58 with 6,423,012 million shares trading.

IVZ has a beta of 1.38, meaning it tends to be more sensitive to market movements. IVZ has a correlation of 0.27 to the broad based SPY ETF.

IVZ has a market cap of $7.00 billion. This is considered a Mid Cap stock.

Last quarter Invesco reported $1 billion in Revenue and $.47 earnings per share. This fell short of revenue expectation by $-74 million and exceeded earnings estimates by $.07.

In the last 3 years, IVZ stock traded as high as $29.71 and as low as $12.48.

The top ETF exchange traded funds that IVZ belongs to (by Net Assets): VTI, VB, VOO, DVY, VBR.

IVZ has underperformed the market in the last year with a price return of -4.0% while the SPY ETF gained +22.9%. IVZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.3% and -7.9%, respectively, while the SPY returned +3.7% and -3.7%, respectively.

IVZ support price is $15.10 and resistance is $15.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IVZ stock will trade within this expected range on the day.