Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the recipient of unusually large options trading on Friday. Stock traders purchased 36,365 call options on the company. This represents an increase of 2,620% compared to the average volume of 1,337 call options.

Institutional Trading of Invesco

A number of large investors have recently modified their holdings of IVZ. Federated Hermes Inc. raised its stake in Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after buying an additional 1,282 shares in the last quarter. SVB Wealth LLC bought a new position in Invesco in the first quarter worth approximately $32,000. Colonial Trust Co SC acquired a new position in shares of Invesco during the fourth quarter worth $38,000. Summit Securities Group LLC acquired a new position in shares of Invesco during the first quarter worth $41,000. Finally, UMB Bank n.a. increased its position in shares of Invesco by 45.8% during the second quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock worth $41,000 after purchasing an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 15.4%

Shares of NYSE:IVZ opened at $19.94 on Friday. Invesco has a 1 year low of $11.60 and a 1 year high of $20.05. The business has a 50 day simple moving average of $15.52 and a two-hundred day simple moving average of $15.81. The firm has a market capitalization of $8.92 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.37.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.94% and a net margin of 13.14%. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities analysts predict that Invesco will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were issued a $0.21 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.21%. Invesco’s payout ratio is presently 67.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IVZ. Bank of America dropped their price target on Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.00 target price (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Wells Fargo & Company upgraded Invesco from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.50 to $18.00 in a research report on Friday, July 11th. TD Cowen downgraded Invesco from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $13.00 in a research report on Wednesday, April 9th. Finally, Evercore ISI lifted their target price on Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Wednesday, April 23rd. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.65.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.