Investors Buy Large Volume of Put Options on Invesco (IVZ)

Invesco Ltd. (NYSE:IVZ) saw some unusual options trading on Thursday. Investors bought 3,047 put options on the company. This represents an increase of approximately 3,107% compared to the typical volume of 95 put options.

Shares of Invesco (NYSE IVZ) opened at $38.40 on Friday. The stock has a market capitalization of $15,630.00, a price-to-earnings ratio of 16.62, a PEG ratio of 1.01 and a beta of 1.80. Invesco has a 1-year low of $28.75 and a 1-year high of $38.43. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.

Invesco (NYSE:IVZ) last released its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The company had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. sell-side analysts expect that Invesco will post 2.67 EPS for the current fiscal year.

A number of equities research analysts have recently commented on IVZ shares. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of Invesco in a research report on Friday, October 27th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. UBS Group increased their price objective on Invesco from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Finally, Wells Fargo & Co increased their price objective on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Invesco has an average rating of “Hold” and a consensus target price of $39.79.

In other news, insider Colin Meadows sold 54,215 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the completion of the sale, the insider now owns 164,420 shares in the company, valued at approximately $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Capital International Investors raised its holdings in shares of Invesco by 9.2% during the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after acquiring an additional 1,169,200 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock worth $394,807,000 after acquiring an additional 538,969 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Invesco by 6.3% during the third quarter. American Century Companies Inc. now owns 9,478,671 shares of the asset manager’s stock worth $332,133,000 after acquiring an additional 563,407 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Invesco by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after acquiring an additional 88,330 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of Invesco by 144.5% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 5,097,202 shares of the asset manager’s stock worth $178,605,000 after acquiring an additional 3,012,871 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

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About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

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