Traders Purchase Large Volume of Invesco Call Options (NYSE:IVZ)

by · The Markets Daily

Invesco Ltd. (NYSE:IVZ – Get Free Report) saw some unusual options trading activity on Thursday. Stock investors bought 27,263 call options on the stock. This represents an increase of approximately 678% compared to the typical daily volume of 3,503 call options.

Insider Activity

In other news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the sale, the director owned 29,855 shares in the company, valued at approximately $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director owned 192 shares of the company’s stock, valued at approximately $4,523.52. This trade represents a 99.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital A Wealth Management LLC lifted its stake in Invesco by 4,802.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 1,633 shares in the last quarter. CNB Bank acquired a new stake in shares of Invesco in the third quarter valued at approximately $26,000. Federated Hermes Inc. lifted its position in shares of Invesco by 186.6% in the first quarter. Federated Hermes Inc. now owns 1,969 shares of the asset manager’s stock worth $30,000 after purchasing an additional 1,282 shares in the last quarter. Root Financial Partners LLC acquired a new position in Invesco during the third quarter worth $30,000. Finally, Sentry Investment Management LLC bought a new position in Invesco in the third quarter valued at $30,000. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. Cowen reiterated a “buy” rating on shares of Invesco in a research report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Invesco in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Invesco in a report on Friday, October 24th. Bank of America upped their target price on shares of Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, Morgan Stanley reiterated a “positive” rating on shares of Invesco in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.63.

Read Our Latest Stock Analysis on IVZ

Invesco Trading Up 3.2%

Shares of NYSE:IVZ traded up $0.77 during mid-day trading on Thursday, reaching $25.16. The stock had a trading volume of 3,844,349 shares, compared to its average volume of 5,347,605. The firm has a 50 day simple moving average of $23.49 and a two-hundred day simple moving average of $20.34. Invesco has a twelve month low of $11.60 and a twelve month high of $25.70. The firm has a market cap of $11.20 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.66. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Invesco (NYSE:IVZ – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.44 earnings per share. On average, research analysts predict that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

About Invesco

(Get Free Report)

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.

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