Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading activity on Monday. Traders bought 11,574 call options on the stock. This is an increase of approximately 474% compared to the average daily volume of 2,018 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IVZ shares. StockNews.com lowered shares of Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Evercore ISI increased their price target on Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Wells Fargo & Company began coverage on shares of Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.08.

Invesco Stock Performance

NYSE IVZ traded down $0.06 during trading hours on Monday, hitting $17.58. The company had a trading volume of 967,305 shares, compared to its average volume of 4,258,081. The business has a 50 day moving average of $16.62 and a 200-day moving average of $15.88. The company has a market cap of $7.91 billion, a PE ratio of -23.52, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. Invesco has a 1-year low of $12.48 and a 1-year high of $18.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities research analysts expect that Invesco will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.66%. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Hedge Funds Weigh In On Invesco

A number of institutional investors have recently modified their holdings of IVZ. State Board of Administration of Florida Retirement System increased its holdings in shares of Invesco by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 470,626 shares of the asset manager’s stock valued at $7,718,000 after purchasing an additional 44,417 shares during the period. Los Angeles Capital Management LLC purchased a new position in Invesco during the 1st quarter worth $2,066,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Invesco by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,497,405 shares of the asset manager’s stock worth $24,843,000 after acquiring an additional 58,332 shares during the period. Bessemer Group Inc. lifted its stake in shares of Invesco by 5,321.9% in the 1st quarter. Bessemer Group Inc. now owns 85,341 shares of the asset manager’s stock worth $1,416,000 after acquiring an additional 83,767 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Invesco in the first quarter valued at about $1,061,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.