Invesco Ltd. (NYSE:IVZ) Short Interest Update

Invesco Ltd. (NYSE:IVZ - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 11,950,000 shares, an increase of 41.3% from the January 15th total of 8,460,000 shares. Approximately 2.7% of the company's shares are sold short. Based on an average daily trading volume, of 3,700,000 shares, the short-interest ratio is currently 3.2 days.

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of Invesco during the 2nd quarter valued at about $164,000. Exchange Traded Concepts LLC raised its stake in Invesco by 1,509.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,390 shares of the asset manager's stock worth $112,000 after acquiring an additional 5,993 shares during the period. Vontobel Holding Ltd. purchased a new position in Invesco during the third quarter valued at approximately $4,889,000. B.O.S.S. Retirement Advisors LLC lifted its holdings in Invesco by 3.5% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 72,037 shares of the asset manager's stock valued at $1,265,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Invesco by 1.3% in 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. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Invesco from $17.00 to $19.50 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, Argus upped their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Invesco currently has an average rating of "Hold" and a consensus target price of $19.94.

Invesco Stock Performance

NYSE:IVZ traded down $0.01 on Tuesday, hitting $18.50. The stock had a trading volume of 3,782,450 shares, compared to its average volume of 4,255,147. Invesco has a 52-week low of $14.16 and a 52-week high of $19.55. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $17.85 and its two-hundred day simple moving average is $17.49.

Invesco (NYSE:IVZ - Get Free Report) last announced its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, research analysts predict that Invesco will post 1.85 earnings per share for the current year.

Invesco Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.43%. Invesco's dividend payout ratio is currently 69.49%.

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.