Invesco Sees Unusually High Options Volume (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ - Get Free Report) was the recipient of unusually large options trading on Monday. Investors acquired 6,028 put options on the company. This is an increase of approximately 248% compared to the average volume of 1,730 put options.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.15 during midday trading on Monday, hitting $17.48. 2,952,029 shares of the company's stock were exchanged, compared to its average volume of 4,117,125. Invesco has a twelve month low of $14.16 and a twelve month high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market cap of $7.86 billion, a P/E ratio of -19.00, a PEG ratio of 1.06 and a beta of 1.43. The stock's 50 day moving average price is $17.88 and its 200-day moving average price is $16.83.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company's quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Equities research analysts anticipate that Invesco will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco's dividend payout ratio is currently -89.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Invesco in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC bought a new stake in shares of Invesco in the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Invesco during the third quarter valued at approximately $35,000. Finally, Allworth Financial LP boosted its holdings in Invesco by 304.0% during the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock worth $42,000 after buying an additional 1,806 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IVZ shares. Keefe, Bruyette & Woods dropped their target price on shares of Invesco from $19.00 to $18.00 and set a "market perform" rating for the company in a report on Friday. UBS Group boosted their price objective on shares of Invesco from $17.50 to $19.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Invesco from $18.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada lifted their price target on Invesco from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Invesco from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. One equities research 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $18.88.

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.