Invesco Ltd. (NYSE:IVZ) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 24,514,800 shares, an increase of 5.2% from the June 30th total of 23,310,000 shares. Currently, 6.3% of the company’s stock are short sold. Based on an average trading volume of 5,190,000 shares, the short-interest ratio is presently 4.7 days.
Several analysts recently issued reports on IVZ shares. UBS Group lowered Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective for the company. in a report on Monday, May 13th. William Blair restated a “market perform” rating on shares of Invesco in a report on Thursday, April 25th. Deutsche Bank set a $21.00 target price on Invesco and gave the company a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Finally, Citigroup set a $20.00 target price on Invesco and gave the company a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.36.
In other news, Director G Richard Wagoner, Jr. acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $20.71 per share, for a total transaction of $207,100.00. Following the completion of the acquisition, the director now owns 25,648 shares in the company, valued at $531,170.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ltd. Invesco acquired 2,222,222 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Personal Resources Investment & Strategic Management Inc. acquired a new stake in shares of Invesco in the first quarter valued at about $2,675,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Invesco by 26.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,070 shares of the asset manager’s stock worth $2,518,000 after buying an additional 25,633 shares in the last quarter. Sage Capital Advisors llc grew its position in Invesco by 17.7% during the first quarter. Sage Capital Advisors llc now owns 177,511 shares of the asset manager’s stock worth $3,428,000 after buying an additional 26,680 shares in the last quarter. Yorktown Management & Research Co Inc grew its position in Invesco by 140.0% during the first quarter. Yorktown Management & Research Co Inc now owns 36,000 shares of the asset manager’s stock worth $695,000 after buying an additional 21,000 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in Invesco during the first quarter worth about $777,000. 65.07% of the stock is currently owned by institutional investors.
NYSE IVZ traded up $0.45 during trading on Friday, hitting $15.65. 3,619,985 shares of the company traded hands, compared to its average volume of 4,768,727. Invesco has a 12 month low of $15.15 and a 12 month high of $24.99. The business has a fifty day simple moving average of $19.00 and a 200 day simple moving average of $19.79. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7.59 billion, a P/E ratio of 6.44, a PEG ratio of 0.80 and a beta of 1.51.
Invesco (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Invesco had a return on equity of 10.23% and a net margin of 11.45%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. Equities research analysts predict that Invesco will post 2.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend is Wednesday, August 14th. Invesco’s dividend payout ratio is currently 51.03%.
Invesco Company Profile
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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