Short Interest in Invesco Ltd. (NYSE:IVZ) Grows By 32.8%

Invesco Ltd. (NYSE:IVZ) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 25,667,900 shares, a growth of 32.8% from the May 30th total of 19,330,700 shares. Currently, 6.6% of the company’s stock are sold short. Based on an average daily volume of 4,380,000 shares, the short-interest ratio is presently 5.9 days.

In related news, Director Ben F. Johnson III purchased 10,000 shares of Invesco stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $21.37 per share, with a total value of $213,700.00. Following the completion of the transaction, the director now owns 54,618 shares of the company’s stock, valued at approximately $1,167,186.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ltd. Invesco purchased 2,222,222 shares of Invesco stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of $4.50 per share, with a total value of $9,999,999.00. The disclosure for this purchase can be found here. Insiders have purchased 2,252,222 shares of company stock valued at $10,619,199 over the last three months. Insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IVZ. Rehmann Capital Advisory Group increased its stake in shares of Invesco by 100.0% during the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the asset manager’s stock worth $26,000 after purchasing an additional 669 shares during the period. Parallel Advisors LLC increased its stake in shares of Invesco by 58.8% during the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager’s stock worth $28,000 after purchasing an additional 532 shares during the period. CSat Investment Advisory L.P. increased its stake in shares of Invesco by 141.2% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager’s stock worth $35,000 after purchasing an additional 1,231 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Invesco by 46.2% during the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager’s stock worth $38,000 after purchasing an additional 699 shares during the period. Finally, Semmax Financial Advisors Inc. bought a new position in shares of Invesco during the fourth quarter worth approximately $52,000. Institutional investors own 76.23% of the company’s stock.

NYSE:IVZ traded up $0.33 on Friday, hitting $20.13. The company’s stock had a trading volume of 4,727,980 shares, compared to its average volume of 4,350,175. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average of $20.45. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.98 and a beta of 1.50. Invesco has a one year low of $15.38 and a one year high of $27.59.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $884.93 million. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts anticipate that Invesco will post 2.34 EPS for the current fiscal year.

IVZ has been the subject of several recent research reports. Edward Jones cut Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Wells Fargo & Co set a $162.00 price target on Jazz Pharmaceuticals and gave the company a “buy” rating in a research report on Tuesday, March 19th. UBS Group set a $15.00 price target on Hain Celestial Group and gave the company a “sell” rating in a research report on Monday, May 13th. Finally, Deutsche Bank upped their price objective on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.09.

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.

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