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

Invesco Ltd. (NYSE:IVZ) saw unusually large options trading on Tuesday. Stock traders bought 15,102 call options on the stock. This is an increase of approximately 175% compared to the average volume of 5,484 call options.

Invesco Stock Up 3.7%

NYSE:IVZ traded up $0.94 during trading hours on Tuesday, hitting $26.15. 1,837,561 shares of the stock traded hands, compared to its average volume of 6,222,190. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $29.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of -16.33, a PEG ratio of 0.48 and a beta of 1.69. The firm has a 50 day moving average price of $27.34 and a 200 day moving average price of $24.59.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. Equities research analysts anticipate that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Invesco’s dividend payout ratio is currently -52.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley set a $29.00 price target on shares of Invesco in a research report on Monday, January 26th. Argus set a $31.00 price objective on shares of Invesco in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. TD Cowen set a $34.50 price objective on shares of Invesco in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group raised their target price on Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.46.

Institutional Investors Weigh In On Invesco

Institutional investors have recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC raised its holdings 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 worth $26,000 after buying an additional 1,633 shares in the last quarter. CNB Bank acquired a new position in Invesco during the third quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of Invesco in the 3rd quarter valued at $30,000. Sentry Investment Management LLC bought a new position in Invesco during the 3rd quarter valued at about $30,000. Finally, American National Bank & Trust bought a new stake in Invesco during the fourth quarter worth about $31,000. 66.09% of the stock is owned by institutional investors and hedge funds.

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.