Invesco Ltd. (NYSE:IVZ - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 8,100,000 shares, a drop of 21.7% from the March 15th total of 10,350,000 shares. Based on an average daily trading volume, of 5,310,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.8% of the company's shares are sold short.
Invesco Stock Down 2.9 %
Shares of NYSE IVZ traded down $0.37 on Monday, reaching $12.43. 7,736,954 shares of the company's stock traded hands, compared to its average volume of 4,299,115. 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 $15.29 and its two-hundred day simple moving average is $16.95. Invesco has a 12 month low of $11.60 and a 12 month high of $19.55. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, equities research analysts forecast that Invesco will post 1.87 EPS for the current fiscal year.
Invesco Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.60%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio (DPR) is 69.49%.
Institutional Trading of Invesco
Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Invesco by 17.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager's stock valued at $22,472,000 after buying an additional 188,041 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Invesco by 4.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager's stock worth $45,684,000 after purchasing an additional 113,451 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Invesco during the fourth quarter valued at $735,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invesco in the 4th quarter worth about $424,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager's stock worth $867,000 after buying an additional 14,489 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on IVZ. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Bank of America dropped their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on shares of Invesco from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup lowered their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Barclays reduced their target price on Invesco from $20.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.03.
Check Out Our Latest Report on IVZ
Invesco Company Profile
(
Get Free Report)
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.
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