Invesco Experiences Significant Surge in Options Activity

Invesco Ltd. (NYSE:IVZ - Get Free Report) saw an impressive increase in options trading on Tuesday, with traders purchasing a notable 23,788 call options for the stock. This figure represents a dramatic surge of approximately 910% compared to the average daily volume of 2,356 call options.

Performance of Invesco Stock

During trading on Tuesday, shares of NYSE IVZ increased by $0.28, reaching a valuation of $18.30. The company recorded a total trading volume of 3,987,064 shares, which is slightly less than its average volume of 4,242,876. Over the past fifty days, the stock has maintained a moving average of $17.07, while the two-hundred-day moving average stands at $16.08. Over the past year, Invesco's stock has experienced a low of $12.48 and a high of $18.79. The company's current market capitalization is $8.23 billion, with a P/E ratio of -24.27 and a P/E/G ratio of 1.10. Additionally, Invesco has a beta of 1.44 and a debt-to-equity ratio of 0.68, alongside a current ratio of 5.80 and a quick ratio of 5.80.

Recent Earnings Results

Invesco last announced its quarterly earnings on July 23rd. During this period, the asset management firm reported earnings per share (EPS) of $0.43, exceeding analyst forecasts of $0.40 by $0.03. The company showed a negative net margin of 1.73% but a positive return on equity of 8.41%. Revenue for the quarter reached $1.09 billion, matching analyst expectations, but it marked a 0.4% decline from the same quarter last year. Analysts predict that Invesco will achieve an EPS of 1.66 for the current fiscal year.

Dividend Announcement

Invesco has also recently declared a quarterly dividend of $0.205 per share, which is scheduled to be paid out on December 3rd to shareholders on record as of November 14th. This dividend results in an annualized amount of $0.82 and yields 4.48%. The company currently has a dividend payout ratio of -109.33%.

Analyst Insights

Several analysts have recently assessed Invesco shares. Deutsche Bank Aktiengesellschaft raised its price target from $16.00 to $17.00 while maintaining a "hold" rating. The Goldman Sachs Group also increased its target price from $17.25 to $17.50 with a "neutral" rating. In addition, Evercore ISI raised Invesco's price target from $17.00 to $18.00 with an "in-line" rating, and Royal Bank of Canada adjusted its target from $17.00 to $18.00 with a "sector perform" rating. JP Morgan Chase & Co. lifted its price target from $17.00 to $20.00, issuing a "neutral" rating. Currently, one analyst rates the stock as a sell, eleven provided a hold rating, and only one rates it as a buy, leading to an average rating of "Hold" and a consensus target price of $17.88 according to MarketBeat data.

Institutional Investors Involvement

Institutional investors have also been actively adjusting their positions in Invesco. Family Firm Inc. acquired a new position during the second quarter worth $28,000. Sentry Investment Management LLC also bought new shares valued at approximately $30,000 in the same quarter. Fidelis Capital Partners LLC made a new purchase worth roughly $52,000, while Abich Financial Wealth Management LLC increased its stake by 50%, now owning 3,631 shares valued at approximately $60,000 after acquiring additional holdings. HHM Wealth Advisors LLC also bought a new stake valued at about $61,000. Overall, institutional investors hold around 66.09% of the company's stock.

Company Overview

Invesco Ltd. is a publicly traded investment management firm that offers services to a diverse range of clients, including retail investors, institutions, high-net-worth individuals, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

Investing Considerations

As potential investors analyze Invesco, they may want to explore insights from leading analysts who keep track of high-performing stocks. Although Invesco holds a "Hold" rating, there are other stocks suggested as better investment opportunities presently.

Invesco, Options, Trading