Invesco Sees Unprecedented Options Activity

Invesco Ltd. (NYSE:IVZ - Get Free Report) experienced an exceptional surge in options trading on Tuesday. Investors purchased a total of 23,788 call options for the stock, representing an astounding increase of around 910% from the average daily volume of 2,356 call options.

Invesco Price Performance

On Tuesday, the stock of Invesco traded up by $0.28, reaching a price of $18.30. The trading volume for the company was 3,987,064 shares, which is slightly lower than its average volume of 4,242,876 shares. The firm has a fifty-day moving average of $17.07 and a 200-day moving average of $16.08. Over the past year, Invesco's stock has seen a low of $12.48 and a high of $18.79. Its market capitalization stands at $8.23 billion, with a PE ratio of -24.27 and a P/E/G ratio of 1.10. Invesco's beta is noted at 1.44, with a debt-to-equity ratio of 0.68 and both current and quick ratios at 5.80.

Recent Earnings Report

Invesco last released its quarterly earnings on July 23rd, where it reported an earnings per share (EPS) of $0.43, beating the analysts' expectations of $0.40 by $0.03. The firm had a negative net margin of 1.73% but managed to achieve a positive return on equity of 8.41%. The revenue for the quarter was reported at $1.09 billion, aligning with analyst predictions. However, this revenue represents a decline of 0.4% compared to the same quarter last year. Analysts project that Invesco will post an EPS of 1.66 for the ongoing fiscal year.

Dividend Announcements

The firm also made headlines with its quarterly dividend announcement, which is scheduled for payment on December 3rd. Shareholders who are on record as of November 14th will receive a dividend payment of $0.205 per share, which annualizes to $0.82, yielding a rate of 4.48%. Currently, Invesco's dividend payout ratio is -109.33%.

Analyst Ratings Changes

Several analysts have recently updated their reports on Invesco's shares. Deutsche Bank Aktiengesellschaft raised its price target for Invesco from $16.00 to $17.00, maintaining a "hold" rating. Meanwhile, The Goldman Sachs Group also boosted its price target from $17.25 to $17.50, classifying it as "neutral." Furthermore, Evercore ISI increased its price target from $17.00 to $18.00. Royal Bank of Canada followed suit by raising its benchmark from $17.00 to $18.00. Lastly, JPMorgan Chase & Co. elevated its price target to $20.00 with a "neutral" rating. Currently, one analyst has rated Invesco as a sell, eleven have rated it as a hold, and one has given it a buy rating. Data shows an average rating of "Hold" among analysts, with a consensus price target set at $17.88.

Institutional Investor Activity

Institutional investors have also made notable adjustments to their Invesco holdings. Family Firm Inc. acquired new shares in the firm during the second quarter, which amounted to approximately $28,000. Similarly, Sentry Investment Management LLC purchased new shares valued at $30,000. Fidelis Capital Partners LLC invested about $52,000 in Invesco stock. Additionally, Abich Financial Wealth Management LLC increased its stake by 50% during the first quarter, owning 3,631 shares valued at $60,000 post-acquisition. Hedge funds and other institutional investors currently own around 66.09% of the company.

Company Overview

Invesco Ltd. is a publicly traded investment manager that offers services to a wide range of clients including retail, institutional, high-net-worth individuals, corporations, public entities, unions, endowments, foundations, pension funds, and more.

Conclusion

Invesco recently drew attention due to its extraordinary options trading activity, reflecting investor interest and possible optimism regarding its future performance.

Invesco, Options, Trading