Invesco Ltd. (NYSE:IVZ) Short Interest Update

Invesco Ltd. (NYSE:IVZGet Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,040,000 shares, a growth of 11.7% from the February 29th total of 7,200,000 shares. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.8% of the shares of the company are sold short.

Invesco Price Performance

IVZ traded down $0.09 during trading on Tuesday, hitting $16.40. 2,075,681 shares of the stock traded hands, compared to its average volume of 4,669,936. The business has a 50 day moving average price of $15.79 and a 200 day moving average price of $15.28. The company has a market cap of $7.37 billion, a price-to-earnings ratio of -22.16, a PEG ratio of 1.24 and a beta of 1.44. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01.

Invesco (NYSE:IVZGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.39 EPS. Invesco’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts forecast that Invesco will post 1.71 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Friday, February 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Thursday, February 15th. Invesco’s dividend payout ratio is currently -108.11%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Invesco from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. UBS Group decreased their target price on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Royal Bank of Canada increased their target price on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. TD Cowen initiated coverage on shares of Invesco in a research report on Thursday, January 4th. They issued an “outperform” rating and a $21.00 target price for the company. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and a consensus price target of $17.40.

Get Our Latest Stock Report on Invesco

Hedge Funds Weigh In On Invesco

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Gables Capital Management Inc. lifted its holdings in Invesco by 74.9% during the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock worth $29,000 after buying an additional 700 shares during the period. Jones Financial Companies Lllp boosted its holdings in Invesco by 35.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 766 shares during the last quarter. Alaska Permanent Fund Corp increased its position in Invesco by 0.5% during the 4th quarter. Alaska Permanent Fund Corp now owns 145,267 shares of the asset manager’s stock valued at $2,592,000 after purchasing an additional 767 shares during the period. Vident Investment Advisory LLC raised its holdings in Invesco by 4.5% during the 4th quarter. Vident Investment Advisory LLC now owns 18,261 shares of the asset manager’s stock worth $329,000 after purchasing an additional 780 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Invesco by 22.8% in the 1st quarter. Advisory Services Network LLC now owns 4,323 shares of the asset manager’s stock worth $71,000 after purchasing an additional 804 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

About Invesco

(Get Free Report)

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.

Further Reading

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