Invesco Ltd. (NYSE:IVZ) Sees Significant Growth in Short Interest

Invesco Ltd. (NYSE:IVZ) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 11,950,000 shares, a growth of 41.3% from the January 15th total of 8,460,000 shares. Based on an average trading volume of 3,700,000 shares, the short-interest ratio is presently 3.2 days. Approximately 2.7% of the shares of the company are sold short.

Analyst Ratings Changes

Several research firms have issued reports on IVZ. Barclays upped their target price on shares of Invesco from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. TD Cowen lowered their price objective on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Trading Up 0.1 %

Invesco stock opened at $18.43 on Friday. The firm has a 50 day moving average of $17.83 and a 200 day moving average of $17.44. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, research analysts predict that Invesco will post 1.85 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio (DPR) is currently 69.49%.

Institutional Investors Weigh In On Invesco

Institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its holdings in Invesco by 484.9% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Invesco during the 3rd quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd grew its holdings in Invesco by 180.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,531 shares in the last quarter. Allworth Financial LP grew its holdings in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter valued at $44,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

About Invesco

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.