Short Interest in Invesco Ltd. (NYSE:IVZ) Declines By 12.5%

Invesco Ltd. (NYSE:IVZ - Get Free Report) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 10,460,000 shares, a drop of 12.5% from the January 31st total of 11,950,000 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average trading volume of 3,700,000 shares, the days-to-cover ratio is currently 2.8 days.

Invesco Stock Performance

Shares of NYSE IVZ traded down $0.79 during trading hours on Monday, hitting $14.85. 7,067,525 shares of the stock were exchanged, compared to its average volume of 4,445,770. The firm has a market capitalization of $6.64 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco has a one year low of $14.16 and a one year high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The company's 50 day moving average is $17.66 and its 200 day moving average is $17.56.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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%. On average, research analysts expect that Invesco will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. bought a new stake in Invesco in the third quarter valued at $1,428,196,000. Norges Bank acquired a new position in shares of Invesco during the 4th quarter worth about $57,459,000. AQR Capital Management LLC increased its position in shares of Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after buying an additional 2,264,551 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Invesco by 2,385.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager's stock valued at $29,301,000 after buying an additional 1,642,645 shares in the last quarter. Finally, Azora Capital LP acquired a new position in shares of Invesco during the third quarter worth about $27,289,000. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on IVZ. TD Cowen lowered their target price on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Barclays upped their price objective on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Argus lifted their price target on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Finally, UBS Group lifted their target price on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus price target of $19.94.

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.