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

Invesco Ltd. (NYSE:IVZ) was the target of unusually large options trading on Monday. Stock traders purchased 15,911 call options on the stock. This is an increase of 218% compared to the average daily volume of 4,998 call options.

Institutional Trading of Invesco

Large investors have recently made changes to their positions in the company. Capital A Wealth Management LLC boosted 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 purchasing an additional 1,633 shares during the period. CNB Bank acquired 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 shares of Invesco in the 3rd quarter valued at about $30,000. Sentry Investment Management LLC acquired a new stake in shares of Invesco in the 3rd quarter valued at about $30,000. Finally, American National Bank & Trust acquired a new stake in shares of Invesco in the 4th quarter valued at about $31,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Down 5.3%

Shares of NYSE IVZ opened at $22.85 on Tuesday. The stock has a market cap of $10.14 billion, a PE ratio of -14.28, a price-to-earnings-growth ratio of 0.46 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. Invesco has a 52-week low of $11.60 and a 52-week high of $29.61. The business has a 50-day moving average price of $25.24 and a 200 day moving average price of $25.13.

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. 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 revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Equities research analysts forecast that Invesco will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Friday, February 13th were given 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 dividend yield of 3.7%. Invesco’s dividend payout ratio is -52.50%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IVZ. BMO Capital Markets upped their price objective on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on Invesco from $29.50 to $30.00 and gave the stock 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. TD Cowen set a $34.50 price objective on Invesco in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.25.

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.