Invesco Ltd. (NYSE:IVZ) Short Interest Update

Invesco Ltd. (NYSE:IVZ) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 7,360,000 shares, a decline of 5.4% from the May 31st total of 7,780,000 shares. Based on an average daily trading volume, of 4,330,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.7% of the shares of the company are sold short.

Invesco Stock Performance

NYSE IVZ opened at $15.06 on Thursday. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89. The company has a market capitalization of $6.77 billion, a P/E ratio of -20.07, a P/E/G ratio of 1.13 and a beta of 1.47. The company has a fifty day moving average of $15.19 and a 200-day moving average of $15.89.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Invesco will post 1.64 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.82 annualized dividend and a dividend yield of 5.45%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. Invesco’s dividend payout ratio (DPR) is currently -109.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IVZ. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $17.00 price objective (down from $19.00) on shares of Invesco in a research note on Wednesday, April 24th. The Goldman Sachs Group reduced their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 price objective (down from $18.00) on shares of Invesco in a research note on Wednesday, April 24th. TD Cowen reduced their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.81.

Institutional Trading of Invesco

Several hedge funds have recently added to or reduced their stakes in the business. Gables Capital Management Inc. increased its holdings in shares of Invesco by 74.9% in the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares during the period. Orion Capital Management LLC purchased a new position in Invesco in the 3rd quarter worth approximately $25,000. Pinnacle Bancorp Inc. lifted its position in Invesco by 100.0% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Invesco by 182.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,589 shares during the last quarter. 66.09% of the stock is 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.