Invesco Ltd. (NYSE:IVZ) Short Interest Update

Invesco Ltd. (NYSE:IVZ) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,840,000 shares, a growth of 14.6% from the October 31st total of 8,590,000 shares. Based on an average daily trading volume, of 3,610,000 shares, the short-interest ratio is presently 2.7 days. Approximately 2.2% of the shares of the company are short sold.

Invesco Stock Performance

IVZ stock traded down $0.15 during midday trading on Tuesday, reaching $17.94. 3,574,264 shares of the company’s stock traded hands, compared to its average volume of 4,148,597. Invesco has a 52 week low of $14.16 and a 52 week high of $18.94. The company has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $16.61. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

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

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.57%. Invesco’s payout ratio is currently -89.13%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IVZ. The Goldman Sachs Group boosted their target price on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price objective on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Barclays upped their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, UBS Group upped their price objective on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus target price of $18.63.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Burney Co. bought a new position in Invesco in the first quarter valued at $183,000. Cetera Advisors LLC increased its stake in Invesco by 217.6% in the first quarter. Cetera Advisors LLC now owns 42,464 shares of the asset manager’s stock valued at $704,000 after acquiring an additional 29,095 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Invesco by 11.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after buying an additional 1,010 shares during the period. GAMMA Investing LLC boosted its position in Invesco by 208.7% during the second quarter. GAMMA Investing LLC now owns 14,804 shares of the asset manager’s stock valued at $221,000 after buying an additional 10,008 shares during the period. Finally, Mather Group LLC. boosted its position in Invesco by 10.7% during the second quarter. Mather Group LLC. now owns 26,001 shares of the asset manager’s stock valued at $431,000 after buying an additional 2,519 shares during the period. 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.