Investors Purchase High Volume of Invesco Put Options (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the recipient of unusually large options trading on Monday. Stock investors purchased 6,028 put options on the stock. This is an increase of approximately 248% compared to the typical volume of 1,730 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IVZ. Principal Financial Group Inc. lifted its position in Invesco by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 511,850 shares of the asset manager’s stock valued at $8,988,000 after acquiring an additional 16,473 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Invesco by 136.2% during the third quarter. Franklin Resources Inc. now owns 127,777 shares of the asset manager’s stock valued at $2,265,000 after purchasing an additional 73,671 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Invesco in the 3rd quarter worth approximately $35,000. Sanctuary Advisors LLC grew its stake in shares of Invesco by 255.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,784 shares of the asset manager’s stock worth $706,000 after buying an additional 28,584 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Invesco by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock valued at $179,666,000 after buying an additional 93,126 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of research reports. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday. UBS Group lifted their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday. 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 MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $18.88.

Invesco Price Performance

Shares of Invesco stock opened at $17.48 on Tuesday. The business has a 50 day moving average of $17.88 and a 200 day moving average of $16.83. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94. The company has a market cap of $7.86 billion, a PE ratio of -19.00, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company posted $0.35 EPS. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. As a group, equities research analysts forecast that Invesco will post 1.69 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.69%. Invesco’s dividend payout ratio (DPR) is -89.13%.

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.