Investors Buy High Volume of Invesco Call Options (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 23,788 call options on the company. This is an increase of 910% compared to the average daily volume of 2,356 call options.

Analysts Set New Price Targets

Several research firms have commented on IVZ. Royal Bank of Canada lifted their target price on shares of Invesco from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, August 15th. Barclays initiated coverage on Invesco in a research note on Tuesday, August 27th. They issued an "equal weight" rating and a $18.00 price objective for the company. Finally, StockNews.com upgraded Invesco from a "sell" rating to a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus price target of $17.88.

Invesco Stock Performance

IVZ traded up $0.02 on Tuesday, hitting $18.04. The company's stock had a trading volume of 7,079,280 shares, compared to its average volume of 4,258,282. Invesco has a 12 month low of $12.48 and a 12 month high of $18.79. The firm has a market cap of $8.11 billion, a P/E ratio of -24.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The company's 50 day simple moving average is $17.07 and its 200-day simple moving average is $16.08.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.31 EPS. The firm's revenue was down .4% compared to the same quarter last year. Analysts forecast that Invesco will post 1.66 EPS for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.55%. Invesco's dividend payout ratio is -109.33%.

Hedge Funds Weigh In On Invesco

A number of institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new position in shares of Invesco during the second quarter worth about $28,000. Sentry Investment Management LLC purchased a new position in Invesco in the 2nd quarter worth approximately $30,000. Fidelis Capital Partners LLC bought a new position in shares of Invesco in the 1st quarter worth $52,000. Abich Financial Wealth Management LLC raised its position in shares of Invesco by 50.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager's stock valued at $60,000 after buying an additional 1,210 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Invesco during the 2nd quarter valued at $61,000. 66.09% of the stock is currently owned by institutional investors.

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.