Invesco Ltd. (NYSE:IVZ) Short Interest Down 38.8% in April

Invesco Ltd. (NYSE:IVZ - Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 7,770,000 shares, a drop of 38.8% from the April 15th total of 12,700,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 4,460,000 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IVZ. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $17.00 price objective (down previously from $19.00) on shares of Invesco in a report on Wednesday, April 24th. Wells Fargo & Company cut their price objective on Invesco from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Wednesday, January 24th. StockNews.com lowered shares of Invesco from a "hold" rating to a "sell" rating in a research report on Friday, May 3rd. The Goldman Sachs Group cut their price target on shares of Invesco from $17.75 to $16.75 and set a "neutral" rating for the company in a report on Wednesday, April 24th. Finally, TD Cowen decreased their price objective on shares of Invesco from $21.00 to $19.50 and set a "buy" rating on the stock in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.79.

Invesco Trading Up 2.5 %

IVZ stock traded up $0.38 on Friday, hitting $15.59. 7,083,259 shares of the company were exchanged, compared to its average volume of 4,671,389. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of -20.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45. The business's fifty day moving average is $15.56 and its two-hundred day moving average is $15.57. 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 6.89 and a quick ratio of 6.89.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. Invesco's revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. As a group, research analysts forecast that Invesco will post 1.65 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 5.26%. This is a boost from Invesco's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco's dividend payout ratio is -106.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IVZ. Gables Capital Management Inc. grew 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 valued at $29,000 after purchasing an additional 700 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of Invesco during the third quarter valued at about $25,000. 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 worth $36,000 after acquiring an additional 1,000 shares during the last quarter. Quarry LP acquired a new position in shares of Invesco in the fourth quarter worth about $37,000. Finally, Jones Financial Companies Lllp purchased a new position in Invesco in the third quarter valued at about $32,000. Institutional investors and hedge funds 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.