Invesco Ltd. (NYSE:IVZ) Short Interest Up 16.3% in December

Invesco Ltd. (NYSE:IVZ) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 10,860,000 shares, an increase of 16.3% from the November 30th total of 9,340,000 shares. Based on an average daily volume of 3,650,000 shares, the short-interest ratio is presently 3.0 days. Approximately 2.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Invesco

Several large investors have recently modified their holdings of IVZ. Massachusetts Mutual Life Insurance Co. bought a new stake in Invesco during the third quarter valued at $1,428,196,000. Dimensional Fund Advisors LP lifted its stake in shares of Invesco by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares during the period. Azora Capital LP bought a new stake in shares of Invesco during the 3rd quarter valued at about $27,289,000. Marshall Wace LLP grew its stake in Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after purchasing an additional 654,960 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 1.1 %

Shares of IVZ opened at $17.68 on Monday. The stock’s 50-day moving average price is $17.84 and its two-hundred day moving average price is $16.91. Invesco has a 12 month low of $14.16 and a 12 month high of $18.94. The company has a market capitalization of $7.95 billion, a PE ratio of -19.22, a PEG ratio of 1.05 and a beta of 1.43. 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 issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was down 20.8% compared to the same quarter last year. On average, analysts anticipate that Invesco will post 1.7 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio is currently -89.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group boosted their price target on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods reduced their price target on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their target price on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.88.

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.