Traders Purchase Large Volume of Call Options on Invesco (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) saw some unusual options trading activity on Wednesday. Stock investors bought 25,026 call options on the stock. This represents an increase of 392% compared to the average daily volume of 5,085 call options.

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital A Wealth Management LLC raised its position in Invesco by 4,802.9% in the second 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 last quarter. CNB Bank bought a new stake in shares of Invesco during the third quarter worth about $26,000. Root Financial Partners LLC bought a new stake in shares of Invesco during the third quarter worth about $30,000. Sentry Investment Management LLC acquired a new position in shares of Invesco in the third quarter valued at approximately $30,000. Finally, American National Bank & Trust acquired a new position in shares of Invesco in the fourth quarter valued at approximately $31,000. Institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IVZ. Wall Street Zen lowered shares of Invesco from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley set a $29.00 price objective on shares of Invesco in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft upgraded Invesco from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $31.00 in a research note on Wednesday, December 17th. Royal Bank Of Canada reduced their target price on Invesco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Invesco has an average rating of “Hold” and a consensus target price of $28.46.

Invesco Trading Down 0.5%

Shares of Invesco stock opened at $23.31 on Friday. The firm’s 50 day moving average is $26.44 and its 200 day moving average is $24.95. The firm has a market capitalization of $10.34 billion, a PE ratio of -14.57, a price-to-earnings-growth ratio of 0.45 and a beta of 1.68. Invesco has a 1 year low of $11.60 and a 1 year 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.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. Equities research 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. Stockholders of record on Friday, February 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, February 13th. Invesco’s dividend payout ratio is presently -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.