Invesco Sees Unusually Large Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) saw unusually large options trading activity on Tuesday. Stock investors bought 23,788 call options on the stock. This is an increase of 910% compared to the average volume of 2,356 call options.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IVZ shares. Wells Fargo & Company boosted their price objective on shares of Invesco from $16.00 to $16.50 and gave the company an “underweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada boosted their price target on Invesco from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Barclays started coverage on Invesco in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 price objective for the company. The Goldman Sachs Group boosted their target price on Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley raised their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.88.

Invesco Stock Up 1.6 %

Shares of IVZ stock traded up $0.28 during trading hours on Tuesday, hitting $18.30. 3,987,064 shares of the company’s stock traded hands, compared to its average volume of 4,242,876. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $17.07 and its two-hundred day simple moving average is $16.08. Invesco has a 12-month low of $12.48 and a 12-month high of $18.79. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of -24.27, a PEG ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts expect that Invesco will post 1.66 EPS for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.48%. Invesco’s dividend payout ratio (DPR) is -109.33%.

Institutional Investors Weigh In On Invesco

Several institutional investors and hedge funds have recently made changes to their positions in IVZ. Family Firm Inc. bought a new position in Invesco in the 2nd quarter valued at approximately $28,000. Sentry Investment Management LLC purchased a new position in shares of Invesco in the second quarter worth $30,000. Fidelis Capital Partners LLC purchased a new position in shares of Invesco in the first quarter worth $52,000. Abich Financial Wealth Management LLC lifted its holdings in shares of Invesco by 50.0% during the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC bought a new stake in Invesco in the 2nd quarter worth about $61,000. Institutional investors own 66.09% of the company’s stock.

About Invesco

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.