Invesco Ltd. (IVZ): Today's Featured Financial Services Winner

Invesco ( IVZ) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.2%. By the end of trading, Invesco rose 31 cents (1.5%) to $21.49 on average volume. Throughout the day, four million shares of Invesco exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $21-$21.60 after having opened the day at $21.23 as compared to the previous trading day's close of $21.18. Other companies within the Financial Services industry that increased today were: CompuCredit Corporation ( CCRT), up 7.3%, China Ceramics ( CCCL), up 5.3%, Credit Suisse ( DSLV), up 5.1%, and Ampal-American Israel Corporation ( AMPL), up 4.6%.

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 $9.74 billion and is part of the financial sector. The company has a P/E ratio of 13.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 8.1% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate Invesco a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Invesco as a buy. 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 weak operating cash flow.

On the negative front, Penson Worldwide ( PNSN), down 14.8%, Siebert Financial Corporation ( SIEB), down 8.6%, US Global Investors ( GROW), down 7.9%, and CD International ( CDII), down 5.8%, were all losers within the financial services industry with SLM ( SLM) being today's financial services industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).
null

If you liked this article you might like

Invesco Negotiating With Guggenheim to Purchase Piece of Management Business

Invesco Stock Falls After Announcing Purchase of European ETF

Trump Commerce Pick Wilbur Ross Steps Into Senate Spotlight, Cast as 'Pro-Sensible Trade'

10 Undervalued High-Yield Dividend Stocks Worth Buying Today

The High Cost Wilbur Ross Would Have to Pay to Join Trump's Cabinet