Invesco Sees Unusually Large Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading activity on Tuesday. Stock investors bought 16,806 call options on the company. This represents an increase of 435% compared to the average daily volume of 3,141 call options.

Invesco Stock Up 7.4 %

Shares of NYSE IVZ traded up $1.32 during midday trading on Tuesday, hitting $19.07. The company’s stock had a trading volume of 6,150,405 shares, compared to its average volume of 3,667,403. The business’s fifty day simple moving average is $17.60 and its two-hundred day simple moving average is $17.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco has a 1 year low of $14.16 and a 1 year high of $19.49. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of -20.79, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted its quarterly earnings data 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%. On average, equities analysts predict that Invesco will post 1.7 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.30%. Invesco’s dividend payout ratio (DPR) is -89.13%.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group dropped their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Barclays dropped their price objective on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada began coverage on shares of Invesco in a report on Tuesday. They issued a “sector perform” rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.50.

Institutional Trading of Invesco

Hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares in the last quarter. Massachusetts Mutual Life Insurance Co. acquired a new stake in Invesco during the third quarter worth approximately $1,428,196,000. Algert Global LLC acquired a new stake in Invesco during the second quarter worth approximately $551,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Invesco during the third quarter worth approximately $853,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

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.