Stock Traders Purchase High Volume of Invesco Put Options (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) was the target of some unusual options trading on Monday. Stock investors purchased 6,028 put options on the stock. This is an increase of approximately 248% compared to the average volume of 1,730 put options.

Invesco Trading Up 0.2 %

Shares of Invesco stock traded up $0.04 on Monday, reaching $17.37. 602,418 shares of the company’s stock were exchanged, compared to its average volume of 4,107,237. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $7.81 billion, a P/E ratio of -18.88, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The firm’s 50-day moving average is $17.88 and its two-hundred day moving average is $16.83. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.35 EPS. Invesco’s revenue was down 20.8% compared to the same quarter last year. Sell-side analysts predict that Invesco will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.72%. Invesco’s payout ratio is presently -89.13%.

Wall Street Analyst Weigh In

IVZ has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods cut their price target on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday. The Goldman Sachs Group increased their price objective on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Family Firm Inc. bought a new stake in shares of Invesco in the second quarter valued at approximately $28,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco during the 2nd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in Invesco in the 3rd quarter valued at approximately $35,000. Finally, Allworth Financial LP boosted its holdings in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,806 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.