Invesco Sees Unusually High Options Volume (NYSE:IVZ)

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

Institutional Inflows and Outflows

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

Invesco Stock Performance

IVZ stock traded up $0.05 during trading hours on Wednesday, hitting $23.78. 916,669 shares of the stock were exchanged, compared to its average volume of 5,894,972. Invesco has a 12 month low of $11.60 and a 12 month high of $29.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $10.55 billion, a P/E ratio of -14.83, a P/E/G ratio of 0.44 and a beta of 1.68. The company has a 50-day simple moving average of $26.62 and a two-hundred day simple moving average of $24.98.

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

Invesco Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $31.00 in a research note on Wednesday, December 17th. Barclays dropped their price target on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Argus set a $31.00 price objective on shares of Invesco in a report on Wednesday, January 28th. Finally, TD Cowen set a $34.50 price objective on shares of Invesco in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Invesco has an average rating of “Hold” and a consensus target price of $28.46.

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.