Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading activity on Tuesday. Stock traders purchased 15,102 call options on the stock. This is an increase of approximately 175% compared to the typical volume of 5,484 call options.

Hedge Funds Weigh In On Invesco

Institutional investors have recently made changes to their positions in the company. Capital A Wealth Management LLC boosted its stake in Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after purchasing an additional 1,633 shares during the last quarter. CNB Bank acquired a new position in shares of Invesco during the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Invesco in the third quarter valued at approximately $30,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $30,000. Finally, American National Bank & Trust purchased a new position in Invesco during the fourth quarter worth approximately $31,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Up 3.7%

Shares of IVZ traded up $0.94 during trading hours on Tuesday, hitting $26.15. The company had a trading volume of 1,837,561 shares, compared to its average volume of 6,222,190. The firm has a market cap of $11.64 billion, a P/E ratio of -16.33, a P/E/G ratio of 0.48 and a beta of 1.69. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $27.34 and its 200 day moving average price is $24.59.

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

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.21 per share. 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 (DPR) is presently -52.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $31.00 in a research report on Wednesday, December 17th. Barclays decreased their target price on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. Zacks Research raised shares of Invesco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Invesco from $29.50 to $30.00 and gave the company a “neutral” rating in a research report 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.46.

Invesco Company Profile

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.