Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Invesco ( IVZ) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.3%. By the end of trading, Invesco rose $0.81 (2.3%) to $35.85 on average volume. Throughout the day, 3,198,753 shares of Invesco exchanged hands as compared to its average daily volume of 3,359,400 shares. The stock ranged in a price between $35.08-$35.89 after having opened the day at $35.21 as compared to the previous trading day's close of $35.04. Other companies within the Financial sector that increased today were: Desarrolladora Homex SAB de CV ADR ( HXM), up 49.1%, North Valley Bancorp ( NOVB), up 28.7%, Credit Suisse ( UGAZ), up 13.4% and Trade Street Residential ( TSRE), up 12.3%.
Invesco Ltd. is a publicly owned investment manager. It primarily provides its services to institutional clients including major public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, and financial institutions. Invesco has a market cap of $15.5 billion and is part of the financial services industry. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Invesco a buy, no analysts rate it a sell, and 8 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, solid stock price performance, attractive valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.