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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Invesco ( IVZ) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Invesco fell 29 cents (-1.1%) to $25.64 on heavy volume. Throughout the day, 8.7 million shares of Invesco exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $25.46-$26.15 after having opened the day at $26.09 as compared to the previous trading day's close of $25.93. Other companies within the Financial Services industry that declined today were: Encore Capital Group ( ECPG), down 7.2%, Stifel Financial ( SF), down 6.3%, Gleacher ( GLCH), down 6.2%, and Manhattan Bridge Capital ( LOAN), down 3.2%.
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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 $11.81 billion and is part of the financial sector. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Invesco a buy, no analysts rate it a sell, and six 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Millennium India Acquisition Corporation ( SMCG), up 17.6%, Noah Holdings ( NOAH), up 8.8%, Palmetto ( PLMT), up 6.4%, and Security National Financial Corporation ( SNFCA), up 3.9%, were all gainers within the financial services industry with IntercontinentalExchange ( ICE) being today's featured financial services industry leader.

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).

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