Invesco Ltd. (NYSE:IVZ) Short Interest Up 29.0% in March

Invesco Ltd. (NYSE:IVZ - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 10,370,000 shares, an increase of 29.0% from the March 15th total of 8,040,000 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 4,730,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gables Capital Management Inc. grew its stake 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 purchasing an additional 700 shares in the last quarter. Money Concepts Capital Corp grew its stake in Invesco by 150.1% during the 4th quarter. Money Concepts Capital Corp now owns 1,688 shares of the asset manager's stock worth $30,000 after purchasing an additional 1,013 shares in the last quarter. Orion Capital Management LLC acquired a new position in Invesco during the 3rd quarter worth $25,000. Cape Cod Five Cents Savings Bank acquired a new position in shares of Invesco during the 2nd quarter worth about $642,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Invesco by 100.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager's stock worth $36,000 after acquiring an additional 1,000 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent research reports. UBS Group cut their price target on Invesco from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, January 29th. Keefe, Bruyette & Woods cut their target price on Invesco from $21.00 to $19.50 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. TheStreet cut Invesco from a "b-" rating to a "c" rating in a research note on Friday, February 23rd. Wells Fargo & Company cut their target price on Invesco from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, January 24th. Finally, StockNews.com raised Invesco from a "sell" rating to a "hold" rating in a research note on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Invesco has an average rating of "Hold" and an average target price of $17.38.

Invesco Trading Down 1.0 %

Shares of IVZ traded down $0.16 during midday trading on Monday, hitting $15.18. 2,888,947 shares of the stock were exchanged, compared to its average volume of 4,666,668. Invesco has a 52-week low of $12.48 and a 52-week high of $18.71. The stock has a fifty day simple moving average of $15.84 and a 200 day simple moving average of $15.39. The firm has a market cap of $6.82 billion, a P/E ratio of -20.73, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.01 and a current ratio of 5.01.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS 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 analyst estimates of $1.11 billion. During the same period last year, the business posted $0.39 earnings per share. The company's quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts anticipate that Invesco will post 1.73 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Friday, February 16th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.80 annualized dividend and a yield of 5.27%. Invesco's payout ratio is -108.11%.

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.