Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) saw unusually large options trading on Thursday. Traders bought 27,263 call options on the company. This represents an increase of 678% compared to the average volume of 3,503 call options.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the transaction, the director owned 192 shares in the company, valued at $4,523.52. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephanie Butcher sold 103,192 shares of Invesco stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. The trade was a 77.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Invesco

Several hedge funds have recently bought and sold shares of IVZ. Vanguard Group Inc. lifted its position in shares of Invesco by 1.2% during the third quarter. Vanguard Group Inc. now owns 52,018,068 shares of the asset manager’s stock worth $1,193,294,000 after purchasing an additional 593,140 shares during the last quarter. State Street Corp grew its holdings in shares of Invesco by 1.5% in the second quarter. State Street Corp now owns 22,260,704 shares of the asset manager’s stock worth $351,051,000 after purchasing an additional 332,340 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Invesco by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,330,647 shares of the asset manager’s stock worth $489,325,000 after buying an additional 319,104 shares during the period. AQR Capital Management LLC increased its stake in Invesco by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 11,612,559 shares of the asset manager’s stock worth $182,491,000 after buying an additional 584,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Invesco by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock valued at $174,816,000 after buying an additional 88,094 shares in the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of NYSE:IVZ opened at $26.22 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. Invesco has a 12 month low of $11.60 and a 12 month high of $26.39. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.65 and a beta of 1.66. The firm’s 50-day moving average is $23.62 and its 200 day moving average is $20.45.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Invesco will post 1.87 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. BMO Capital Markets reissued an “outperform” rating on shares of Invesco in a research note on Friday, October 24th. The Goldman Sachs Group reduced their target price on shares of Invesco from $26.50 to $25.50 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Barclays increased their price target on shares of Invesco from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, Evercore ISI lifted their price target on Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus price target of $23.63.

About Invesco

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.