Invesco Ltd. (NYSE:IVZ) Short Interest Update

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

Invesco Price Performance

IVZ traded down $0.15 during trading on Tuesday, reaching $17.94. The company had a trading volume of 3,574,264 shares, compared to its average volume of 4,148,597. The firm’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $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 has a 12-month low of $14.16 and a 12-month high of $18.94.

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

Invesco Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI boosted their price objective on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Morgan Stanley raised their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada raised their target price on Invesco from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.63.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its position in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after purchasing an additional 1,285 shares during the period. Family Firm Inc. bought a new stake in shares of Invesco during the 2nd quarter worth $28,000. Sentry Investment Management LLC acquired a new position in Invesco in the 2nd quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new position in Invesco in the 3rd quarter worth $35,000. Finally, Allworth Financial LP lifted its position in Invesco by 304.0% during the 3rd 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 last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

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.