19.06 0.00 (0.00%)
After hours: 5:00PM EDT
|Bid||18.85 x 800|
|Ask||20.91 x 4000|
|Day's Range||18.85 - 19.70|
|52 Week Range||15.38 - 32.26|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||8.91|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||1.20 (6.08%)|
|1y Target Est||19.89|
Atlanta-based investment management firm Invesco, which is in the process of acquiring New York City-based global asset management firm OppenheimerFunds, will be laying off 850 employees at the OppenheimerFunds’ Centennial office, Invesco spokeswoman Jeaneen Terrio said Friday. “The job eliminations are intended to reduce overlap and achieve the $475 million dollar cost synergy target,” Terrio told Denver Business Journal.
Picking up where they left off last week, the bulls logged another gain on Monday. The S&P 500's close of 2,832.94 yesterday was the best close since early October, though volume was suspiciously light.General Electric (NYSE:GE) led the way with a 2.4% gain, continuing a recovery driven by faith that a bigger-picture turnaround from the company is brewing. Bank of America (NYSE:BAC) wasn't far behind with its 1.8% advance, however, pushing it well past a hump discussed in detail late last week.Facebook (NASDAQ:FB) proved to be the biggest drag. Shares of the social networking giant fell 3.3% mostly thanks to a downgrade from Needham. Analyst Laura Martin is concerned that changes to the company's business model could crimp earnings. Martin also noted the adverse impact of what's quickly becoming a mass exodus of senior-level executives.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's trading action, however, it's the stock charts of Invesco (NYSE:IVZ), Fidelity National Information Services (NYSE:FIS) and Gap (NYSE:GPS) that are worth the closest looks. Here's why, and what to look for. Fidelity National Information Services (FIS)With nothing more than a quick glance it would be easy to jump to a bullish conclusion about Fidelity National Information Services, or as it's more commonly called, FIS. The 50-day moving average line has crossed back above its 200-day moving average line as of the end of last week, and it hit a new multiyear high yesterday. * 7 Small-Cap Stocks That Make the Grade In many regards, though, the one thing more alarming than losing ground is a failed breakout thrust. That's what we saw take shape with FIS stock on Monday, leaving traders with a tough choice to make, and soon. Click to Enlarge • The volume surge from Monday stems from news surrounding the recently-announced acquisition of Worldpay that Fidelity intends to make. Investors initially loved the idea, buying in earnest. That optimism quickly faded though, turning into a "sell the news" event.• Regardless of the underpinnings, if this is indeed a "sell the news" minded response, yesterday's action serves as a potential pivot.• That pivot will only be complete, however, if we see a close below the gray 100-day moving average line sometime this week. Gap (GPS)In the same vein as the FIS chart, shares of Gap have just gone through a volatile shakeup that actually clears the deck for some more meaningful movement. But, GPS is much further along in the process, and ultimately positioned to move in a bullish rather than a bearish direction. And, like Fidelity National, there's a little more work that needs to be done to seal the deal. Click to Enlarge • The big bullish move from early March was impressive, but clearly not built to last. Two weeks later, the gap had been closed (for the better).• Friday's bar is telling … the shape of it in particular. Though the stock closed at a loss for the day, it also closed well off the low for the day. The intraday reversal on high volume suggests the buyers were starting to wade back in.• A close back above the 100-day moving average line, plotted in gray, would cement the second wave of the recovery effort in place. Invesco (IVZ)Back on Feb. 26, Invesco was featured as a breakout candidate. Straight-line resistance had been snapped, and a key moving average line was on the verge of being hurdled. An upside-down head and shoulders pattern was even near completion.All of that has played out as suggested, even if the rally took a breather a couple of weeks ago. The advance since then has confirmed and renewed that rebound work. But, for traders that didn't step in then, there remains a great deal of room for more recovery. Click to Enlarge • The head-and-shoulders pattern is evident on both stock charts.• The bears' best shot at quelling the rally effort was preventing the move above last month's high around $19.90, marked with a blue dashed line.• Even with the recent strength, Invesco shares are still down roughly 40% from their early 2014 high, and below their white 200-day moving average line. That's the next most plausible technical resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post 3 Big Stock Charts for Tuesday: Invesco, Gap and Fidelity National Information Services appeared first on InvestorPlace.
TORONTO , March 18, 2019 /CNW/ - Invesco today announced a change to the risk rating of the Canadian-domiciled Invesco FTSE RAFI U.S. ETF Fund from "Medium to High" to "Medium". The change in risk rating is effective immediately. The risk rating change was made in accordance with the risk classification methodology set by the Canadian Securities Administrators to determine the investment risk level of mutual funds.
ATLANTA , March 18, 2019 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) today announced that its Board of Directors declared quarterly dividends on shares of its common stock and Series A preferred ...
Face-to-face interviews with 145 respondents reveal investor sentiment across North America, EMEA and Asia Pacific ATLANTA , March 18, 2019 /PRNewswire/ -- Invesco today released findings from its second ...
The asset management industry is in the midst of a massive consolidation. The potential impact on investors is unclear at this point.
Increase in assets under management will support Lazard's (LAZ) financials while foreign exchange fluctuations and volatile markets pose concerns.
T. Rowe Price's (TROW) preliminary assets under management for February 2019 increase from the prior month on higher investments in total sponsored U.S. mutual funds and other investment portfolios.
A third of the asset management industry could disappear over the next five years, as mounting fee pressures and rising costs spur more closures and consolidation, according to Invesco’s chief executive. ...
Invesco Ltd NYSE:IVZView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for IVZ with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold IVZ had net inflows of $3.11 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Franklin Resources' (BEN) preliminary assets under management (AUM) of $714.2 billion for February up 5.3% from the prior month, driven by net market gains.
One will focus on whether the UK should exit the EU without a deal and another will look at the possibility of extending the Brexit deadline beyond March 29. On Thursday MPs will vote on a possible extension to the EU’s Article 50 to prolong Brexit negotiations. For now, currency traders expect a positive outcome, despite the potential for sterling to plunge further against the dollar in the event of the UK crashing out of the EU without a deal in two weeks.
ATLANTA , March 11, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today announced it will change the fund names, underlying indexes and tickers for certain funds in its ETF product line as part of its ...
"We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow," Dan Draper told CNBC's Bob Pisani.
ATLANTA , March 11, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $945.7 billion , an increase of 1.6%. The increase was driven by ...
ATLANTA, March 11, 2019 /PRNewswire/ -- Invesco Ltd. (IVZ) today celebrates the 20th anniversary of Invesco QQQ, its top-performing large-cap growth ETF that tracks the innovative companies included in the NASDAQ-100 Index. QQQ is the sixth largest ETF listed in the US with $66 billion in assets under management[i] and has one of the longest performance histories available in an ETF.
Brexit is likely to be at the forefront of investors minds this week. In the next four days, British politicians will have their say on how and potentially when the U.K. leaves the European Union (EU). The outcome of a series of votes promises to determine the fate of the world’s fifth largest economy, as well as the rest of the world and the global stock market.
CNBC's Bob Pisani sits down with Invesco Global Head of ETFs Dan Draper to reflect on the rise of ETFs and commemorate the 20th anniversary of the QQQ ETF.
Retail sales rose in January. Yahoo Finance's Adam Shapiro, Julie Hyman and Invesco Global Head of Client Solutions Neil Blundell discuss.