Invesco Ltd. (IVZ): Today's Featured Financial Services Winner
(
) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.1%. By the end of trading, Invesco rose 21 cents (1%) to $21.76 on average volume. Throughout the day, four million shares of Invesco exchanged hands as compared to its average daily volume of 4.6 million shares. The stock ranged in a price between $21.32-$21.92 after having opened the day at $21.56 as compared to the previous trading day's close of $21.55. Other companies within the Financial Services industry that increased today were:
(
), up 20%,
(
), up 6.2%,
Cash Store Financial Services
(
CSFS
), up 5%, and
TheStreet Recommends
(
), up 4.9%.
Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. Invesco has a market cap of $9.84 billion and is part of the
sector. The company has a P/E ratio of 13.5, below the average financial services industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Invesco a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Invesco as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Invesco Ratings Report.
On the negative front,
Rodman & Renshaw Capital Group
(
), down 13.8%,
(
), down 6.8%,
Ampal-American Israel Corporation
(
), down 5.5%, and
(
), down 4.8%, were all losers within the financial services industry with
(
) being today's financial services industry loser.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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