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

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading on Wednesday. Traders bought 25,026 call options on the stock. This represents an increase of approximately 392% compared to the average volume of 5,085 call options.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays decreased their target price on Invesco from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group lifted their price objective on Invesco from $29.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Argus set a $31.00 price objective on Invesco in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $29.00 price objective on shares of Invesco in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.46.

Hedge Funds Weigh In On Invesco

Several institutional investors have recently modified their holdings of IVZ. CNB Bank purchased a new stake in Invesco in the third quarter worth approximately $26,000. American National Bank & Trust purchased a new position in shares of Invesco during the fourth quarter worth approximately $31,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC bought a new stake in shares of Invesco in the 3rd quarter worth approximately $30,000. Finally, Larson Financial Group LLC boosted its stake in shares of Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

Shares of IVZ opened at $23.41 on Thursday. 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 company has a market cap of $10.38 billion, a PE ratio of -14.63, a price-to-earnings-growth ratio of 0.45 and a beta of 1.68. The stock has a 50-day moving average price of $26.54 and a 200-day moving average price of $24.97.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, topping 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 negative net margin of 6.92% and a positive return on equity of 10.26%. Invesco’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, equities analysts forecast that Invesco will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.6%. Invesco’s payout ratio is -52.50%.

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.