Invesco Experiences Significant Options Activity (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ - Get Free Report) observed an exceptional surge in options trading on Tuesday. Traders purchased a total of 23,788 call options, representing a remarkable increase of approximately 910% compared to the average daily volume of just 2,356 call options.

Invesco Stock Performance

During the trading session on Tuesday, Invesco's stock price saw an increase of $0.28, bringing it to $18.30. The stock recorded a trading volume of 3,987,064 shares, which is slightly lower than its average volume of 4,242,876 shares. Invesco's fifty-day moving average stands at $17.07, while its two-hundred-day moving average is at $16.08. Over the past year, the stock has fluctuated between a low of $12.48 and a high of $18.79. Invesco has a current market capitalization of $8.23 billion, a PE ratio of -24.27, and a P/E/G ratio of 1.10. Additionally, the company has a debt-to-equity ratio of 0.68 and current and quick ratios both at 5.80.

Recent Earnings Report

Invesco last reported its quarterly earnings on July 23rd. The asset management firm posted an earnings per share (EPS) of $0.43 for the quarter, surpassing analysts' average estimate of $0.40 by $0.03. However, Invesco recorded a net margin of -1.73% alongside a positive return on equity of 8.41%. The revenue for this quarter came in at $1.09 billion, aligning with analysts' expectations, but it represented a 0.4% decrease compared to the same quarter last year. Analysts predict that Invesco will achieve an EPS of 1.66 for the current fiscal year.

Dividend Announcement

Invesco recently announced its quarterly dividend, which is set to be disbursed on December 3rd to shareholders recorded by November 14th. The dividend is $0.205, which translates to an annualized dividend of $0.82 and a yield of 4.48%. Currently, Invesco's dividend payout ratio is reported at -109.33%.

Analyst Ratings Adjustments

Several analysts have recently updated their positions on Invesco shares. Deutsche Bank Aktiengesellschaft raised their price target from $16.00 to $17.00 and maintained a "hold" rating in a recent report. Meanwhile, the Goldman Sachs Group increased their price projection from $17.25 to $17.50, also rating the stock as "neutral." Similarly, Evercore ISI lifted their price target to $18.00, giving the company an "in-line" rating. Royal Bank of Canada also improved their target price to $18.00, categorizing it as "sector perform." JPMorgan Chase & Co. revised their target to $20.00, maintaining a "neutral" stance as well. Overall, one analyst rated the stock as a sell, eleven as hold, and one as buy, leading to an average recommendation of "hold" with a consensus target price of $17.88.

Institutional Investor Activity

Recent changes in positions by institutional investors reflect a growing interest in Invesco. Family Firm Inc. acquired a new stake in the firm worth $28,000 during the second quarter. Sentry Investment Management LLC also entered into a new position valued at approximately $30,000 during the same period. Fidelis Capital Partners LLC added a new investment worth $52,000 in Invesco in Q1. Additionally, Abich Financial Wealth Management LLC increased its stake by 50%, holding 3,631 shares valued at $60,000. Hedge funds and institutional investors collectively own about 66.09% of Invesco's stock.

About Invesco

Invesco Ltd. is a publicly traded investment management firm that offers services to a range of clients, including retail consumers, institutional entities, high-net-worth individuals, public entities, and more.

Conclusion

This spike in options trading and recent performance highlights Invesco's dynamic position in the market and captures the attention of analysts and investors alike.

Invesco, Options, Trading