E Daily Stock Pick: Invesco

This week, I'm looking for the fifth financial services representative of seven for my Ivy portfolio.

The financials sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.

Today I'm reviewing a mid-cap asset management firm named Invesco Ltd. Its trading ticker symbol is IVZ.

Invesco Ltd provides investment management services to both retail (2/3 of managed assets) and institutional (1/3) clients. At the end of 2018, the firm had $888.2 billion in assets under management spread out among its equity, balanced, fixed income, alternative investment, and money market operations.

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 the U.S., with 72% of its total AUM sourced from Canada, the U.K., continental Europe, and Asia.

The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lottery & Co. Ltd. Invesco Ltd. was founded in December 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

I use three key data points to gauge the value of any dividend equity-like Invesco Ltd:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

IVZ Price

Invesco's price per share closed at $20.64 yesterday. A year ago its price was $28.80. Price fell $8.16 or 28.3% in the past year.

Assuming Invesco's stock trades in the range of $16.00 to $26.00 this year,

Invesco's recent $20.64 price could rise by $1.36 and go to $22.00 by mid- May 2020.

IVZ Dividends

1 2
View single page >> |

Disclaimer:  

more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.