Invesco Sees Significant Surge in Options Trading Volume

Invesco Ltd. (NYSE:IVZ - Get Free Report) experienced a notable increase in options trading activity on Tuesday. Traders purchased a total of 23,788 call options for the stock, marking a staggering 910% rise from the average daily volume of 2,356 call options.

Invesco Stock Performance Overview

During trading on Tuesday, shares of NYSE IVZ rose by $0.28, reaching a price of $18.30. The stock's trading volume was reported at 3,987,064 shares, slightly below the average volume of 4,242,876. Invesco's fifty-day moving average stands at $17.07, while its 200-day moving average is $16.08. Over the past year, the stock has seen a low of $12.48 and a high of $18.79, with a market capitalization of $8.23 billion. Currently, Invesco has a PE ratio of -24.27 and a P/E/G ratio of 1.10, along with a beta of 1.44. The company maintains a debt-to-equity ratio of 0.68, and both its current and quick ratios are 5.80.

Invesco's Recent Earnings Report

Invesco (NYSE:IVZ - Get Free Report) announced its quarterly earnings on July 23rd. The asset management firm reported earnings per share (EPS) of $0.43 for the quarter, surpassing analysts' expectations of $0.40 by $0.03. The company posted a net margin of -1.73% and a return on equity of 8.41%. Invesco's revenue totaled $1.09 billion for the quarter, matching analyst estimates. However, this revenue reflects a decline of 0.4% compared to the same quarter in the previous year. Analysts predict an EPS of 1.66 for Invesco for the current fiscal year.

Dividend Announcement by Invesco

The company recently declared a quarterly dividend that is set to be paid on December 3rd. Shareholders on record as of November 14th will receive a dividend payout of $0.205. This translates to an annualized dividend of $0.82, resulting in a yield of 4.48%. However, Invesco's current dividend payout ratio is -109.33%.

Recent Changes in Analyst Ratings

Several analysts have recently updated their ratings for IVZ shares. Deutsche Bank Aktiengesellschaft upgraded its price target for Invesco from $16.00 to $17.00, assigning a "hold" rating on August 15th. The Goldman Sachs Group raised its target price from $17.25 to $17.50, maintaining a "neutral" rating in a report dated October 10th. Evercore ISI increased its price target from $17.00 to $18.00, also giving the stock an "in-line" rating on August 20th. Royal Bank of Canada similarly raised its target from $17.00 to $18.00 and assigned a "sector perform" rating on October 11th. Additionally, JPMorgan Chase & Co. boosted its target from $17.00 to $20.00, retaining a "neutral" rating. Currently, one analyst rates the stock as a sell, while eleven recommend holding, and one suggests buying. According to MarketBeat data, Invesco has an average rating of "Hold" with a consensus price target of $17.88.

Insights from Institutional Investors

Recent changes in positions from institutional investors show significant interest in Invesco. Family Firm Inc. entered a new position in the second quarter, valued at $28,000. Sentry Investment Management LLC also acquired a new stake during the same period, worth about $30,000. In the first quarter, Fidelis Capital Partners LLC made a new investment in Invesco, valued at $52,000. Additionally, Abich Financial Wealth Management LLC increased its stake by 50%, now owning 3,631 shares valued at $60,000 after adding 1,210 shares. HHM Wealth Advisors LLC made a new investment in the second quarter worth approximately $61,000. Institutional ownership represents around 66.09% of Invesco shares.

Company Overview of Invesco

Invesco Ltd. is a public investment management firm, providing services to various clients including retail and institutional clients, high-net-worth individuals, corporations, pension funds, non-profit organizations, and sovereign wealth funds.

Invesco, options, trading