Stock Traders Buy Large Volume of Invesco Call Options (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) saw unusually large options trading on Tuesday. Investors bought 16,806 call options on the stock. This represents an increase of approximately 435% compared to the average volume of 3,141 call options.

Hedge Funds Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in IVZ. Avior Wealth Management LLC increased its position in Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter valued at $35,000. Allworth Financial LP boosted its stake in shares of Invesco by 304.0% in the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Invesco in the 4th quarter valued at $44,000. Finally, Truvestments Capital LLC bought a new stake in shares of Invesco in the 3rd quarter valued at $76,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IVZ shares. Wells Fargo & Company decreased their price target on Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI raised their price target on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen decreased their price target on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. Royal Bank of Canada started coverage on Invesco in a report on Tuesday. They issued a “sector perform” rating and a $19.00 price target on the stock. Finally, StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus price target of $18.50.

Invesco Stock Performance

IVZ opened at $19.32 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The business has a fifty day simple moving average of $17.64 and a 200 day simple moving average of $17.27. Invesco has a 1 year low of $14.16 and a 1 year high of $19.49. The company has a market capitalization of $8.68 billion, a PE ratio of -20.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. Research analysts expect that Invesco will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.25%. Invesco’s payout ratio is presently -89.13%.

Invesco Company Profile

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.