Invesco Target of Unusually High Options Trading (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the recipient of unusually large options trading on Monday. Stock investors purchased 6,028 put options on the company. This is an increase of 248% compared to the average volume of 1,730 put options.

Institutional Investors Weigh In On Invesco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Mutual Life Insurance Co. acquired a new position in Invesco during the 3rd quarter worth about $1,428,196,000. Dimensional Fund Advisors LP boosted its stake in shares of Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the period. Azora Capital LP acquired a new position in shares of Invesco in the third quarter valued at approximately $27,289,000. Marshall Wace LLP increased its stake in Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after buying an additional 654,960 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after buying an additional 516,622 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on IVZ. The Goldman Sachs Group raised their price objective on Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Evercore ISI upped their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.88.

Invesco Trading Up 1.5 %

Shares of Invesco stock opened at $17.75 on Wednesday. The stock has a 50 day moving average of $17.87 and a 200 day moving average of $16.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of -19.29, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $18.94.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. As a group, research analysts predict that Invesco will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio is presently -89.13%.

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.