Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 25,026 call options on the company. This represents an increase of approximately 392% compared to the typical volume of 5,085 call options.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IVZ. JPMorgan Chase & Co. boosted their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. The Goldman Sachs Group lifted their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Finally, Barclays decreased their price target on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.46.

Invesco Stock Up 0.2%

Shares of NYSE:IVZ traded up $0.05 during midday trading on Wednesday, reaching $23.78. The company had a trading volume of 916,669 shares, compared to its average volume of 5,894,972. Invesco has a 1-year low of $11.60 and a 1-year high of $29.61. The stock has a market cap of $10.55 billion, a PE ratio of -14.83, a P/E/G ratio of 0.44 and a beta of 1.68. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average price is $26.62 and its 200 day moving average price is $24.98.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Research analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Invesco’s dividend payout ratio is presently -52.50%.

Institutional Trading of Invesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital A Wealth Management LLC grew its position in shares of Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 1,633 shares during the period. CNB Bank bought a new stake in shares of Invesco in the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Invesco in the 3rd quarter valued at about $30,000. Sentry Investment Management LLC acquired a new stake in Invesco in the 3rd quarter valued at about $30,000. Finally, American National Bank & Trust bought a new position in Invesco during the fourth quarter worth about $31,000. 66.09% of the stock is owned by institutional investors.

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.