Invesco Ltd. (NYSE:IVZ) Sees Significant Increase in Short Interest

Invesco Ltd. (NYSE:IVZ) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 20,385,227 shares, an increase of 14.0% from the March 31st total of 17,879,615 shares. Based on an average daily volume of 6,247,101 shares, the short-interest ratio is presently 3.3 days. Currently, 4.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 target price on shares of Invesco in a research report on Tuesday, April 21st. BMO Capital Markets decreased their target price on Invesco from $32.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Barclays increased their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Research lowered Invesco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. decreased their target price on Invesco from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and an average target price of $27.29.

Invesco Price Performance

IVZ stock traded down $0.29 during midday trading on Friday, reaching $25.92. The stock had a trading volume of 3,410,910 shares, compared to its average volume of 6,661,981. The company’s fifty day simple moving average is $24.52 and its 200 day simple moving average is $25.31. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.50 billion, a price-to-earnings ratio of -17.63, a price-to-earnings-growth ratio of 0.60 and a beta of 1.60. Invesco has a 52-week low of $14.04 and a 52-week high of $29.61.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, sell-side analysts predict that Invesco will post 2.59 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 15th. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is -57.14%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Invesco by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 52,965,761 shares of the asset manager’s stock worth $1,391,411,000 after acquiring an additional 947,693 shares during the period. State Street Corp raised its holdings in shares of Invesco by 1.5% during the 2nd quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after acquiring an additional 332,340 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after acquiring an additional 319,104 shares during the period. AQR Capital Management LLC raised its holdings in shares of Invesco by 5.3% during the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after acquiring an additional 584,035 shares during the period. Finally, Invesco Ltd. purchased a new position in shares of Invesco during the 4th quarter worth $230,391,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.