Invesco Experiences Surge in Options Trading Activity

Invesco Ltd. (NYSE:IVZ - Get Free Report) witnessed a significant spike in options trading on Tuesday, with traders purchasing a remarkable 23,788 call options. This represents an astonishing increase of around 910% compared to the average daily volume of 2,356 call options.

Invesco's Stock Performance

During Tuesday's trading session, the stock of Invesco increased by $0.28, reaching a price of $18.30. The total trading volume for the company was 3,987,064 shares, slightly below its usual volume of 4,242,876 shares. Invesco's 50-day moving average stands at $17.07, while the 200-day moving average is $16.08. Over the past year, the stock has hit a low of $12.48 and a high of $18.79, and it currently holds a market capitalization of $8.23 billion. The company's price-to-earnings ratio is reported at -24.27, with a P/E/G ratio of 1.10 and a beta value of 1.44. Financial metrics include a debt-to-equity ratio of 0.68, a current ratio of 5.80, and a quick ratio also of 5.80.

Quarterly Earnings Report

Invesco recently announced its quarterly earnings results on July 23rd, reporting an earnings per share (EPS) of $0.43 for the quarter, surpassing analysts' expectations of $0.40 by $0.03. The company exhibited a net margin of -1.73% but delivered a positive return on equity of 8.41%. The total revenue for the quarter was $1.09 billion, which matched analyst predictions. However, this reflects a slight decline of 0.4% compared to the same quarter from the previous year. Analysts project Invesco will achieve an EPS of 1.66 for the current fiscal year.

Dividend Announcement

Invesco has also announced a quarterly dividend, which is scheduled to be paid on December 3rd. Shareholders who are on record as of November 14th will receive a dividend payout of $0.205 per share, translating to an annualized dividend of $0.82 and a yield of 4.48%. The current dividend payout ratio for Invesco is reported at -109.33%.

Analyst Ratings Changes

Recent assessments from analysts on Invesco shares have led to various adjustments in ratings. Deutsche Bank Aktiengesellschaft raised its price target from $16.00 to $17.00, maintaining a "hold" rating. The Goldman Sachs Group increased their target from $17.25 to $17.50, also giving a "neutral" rating. Evercore ISI adjusted their price objective from $17.00 to $18.00, recommending an "in-line" rating, while Royal Bank of Canada aligned its target with $17.00 to $18.00, labeling it as "sector perform." Lastly, JPMorgan Chase & Co. elevated their price forecast from $17.00 to $20.00, issuing a "neutral" rating. In summary, one analyst has rated the stock as a sell, eleven have suggested a hold, and one has issued a buy rating. According to MarketBeat data, Invesco has an average rating of "Hold" and a consensus price target of $17.88.

Institutional Investor Activity

Recent activities from institutional investors show several modifications in their stakes in Invesco. Family Firm Inc. initiated a new position valued at approximately $28,000 during the second quarter. Sentry Investment Management LLC also bought shares in the same quarter for around $30,000. Additionally, Fidelis Capital Partners LLC acquired a new position valued at $52,000 during the first quarter. Abich Financial Wealth Management LLC increased their holdings by 50.0% in the first quarter, owning 3,631 shares thereafter. Lastly, HHM Wealth Advisors LLC purchased a new stake valued at about $61,000. Overall, hedge funds and institutional investors control about 66.09% of Invesco's stock.

Invesco Company Overview

Invesco Ltd. is a publicly traded investment management firm that offers various financial services. Their clients include retail investors, institutions, high-net-worth individuals, public entities, corporations, unions, and non-profit organizations.

Conclusion

This report highlights the significant increase in options trading activities related to Invesco, reflecting increased investor interest and market activity surrounding the stock.

Invesco, Options, Trading