Invesco Ltd. (NYSE:IVZ) Short Interest Update

Invesco Ltd. (NYSE:IVZ) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 7,360,000 shares, a decline of 5.4% from the May 31st total of 7,780,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 4,330,000 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

IVZ has been the subject of a number of recent research reports. TD Cowen reduced their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 price target (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Finally, BMO Capital Markets restated a “market perform” rating and set a $17.00 price target (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.81.

Invesco Trading Up 0.3 %

Shares of Invesco stock traded up $0.04 during trading on Wednesday, reaching $15.04. 49,149 shares of the stock were exchanged, compared to its average volume of 4,449,727. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average is $15.18 and its 200 day moving average is $15.90. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of -20.05, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47. Invesco has a 1 year low of $12.48 and a 1 year high of $18.71.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.84% and a negative net margin of 1.74%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Invesco will post 1.64 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were issued a $0.205 dividend. The ex-dividend date was Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 5.45%. Invesco’s dividend payout ratio (DPR) is -109.33%.

Hedge Funds Weigh In On Invesco

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Invesco during the third quarter valued at approximately $25,000. Gables Capital Management Inc. increased its position in shares of Invesco by 74.9% during the fourth quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 700 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Invesco by 100.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP bought a new stake in shares of Invesco during the fourth quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Invesco by 182.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,589 shares during the last quarter. 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.