Nuveen Asset Management LLC Buys 48,532 Shares of Invesco Ltd. (NYSE:IVZ)

Nuveen Asset Management LLC increased its stake in shares of Invesco Ltd. (NYSE:IVZ – Get Rating) by 3.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,457,162 shares of the asset manager’s stock after acquiring an additional 48,532 shares during the period. Nuveen Asset Management LLC owned about 0.32% of Invesco worth $19,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Quadrant Capital Group LLC raised its holdings in Invesco by 99.7% during the second quarter. Quadrant Capital Group LLC now owns 3,289 shares of the asset manager’s stock worth $53,000 after acquiring an additional 1,642 shares in the last quarter. MCF Advisors LLC raised its holdings in Invesco by 166.2% during the third quarter. MCF Advisors LLC now owns 3,892 shares of the asset manager’s stock worth $53,000 after acquiring an additional 2,430 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in Invesco during the third quarter worth about $76,000. Van ECK Associates Corp raised its holdings in Invesco by 33.3% during the second quarter. Van ECK Associates Corp now owns 5,630 shares of the asset manager’s stock worth $91,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Invesco in the third quarter valued at approximately $151,000. Institutional investors own 69.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IVZ. UBS Group lowered Invesco from a “buy” rating to a “neutral” rating and upped their price objective for the company from $19.00 to $20.00 in a research note on Tuesday, January 10th. BMO Capital Markets upped their price objective on Invesco from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, January 25th. JPMorgan Chase & Co. upped their price objective on Invesco from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, January 23rd. TheStreet upgraded Invesco from a “c+” rating to a “b-” rating in a research note on Friday, November 18th. Finally, Wells Fargo & Company dropped their price objective on Invesco from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Invesco has a consensus rating of “Hold” and an average price target of $18.10.

Insider Buying and Selling

In other Invesco news, major shareholder Trian Fund Management, L.P. sold 2,367,477 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $18.42, for a total value of $43,608,926.34. Following the sale, the insider now owns 46,205,566 shares of the company’s stock, valued at approximately $851,106,525.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 4,164,939 shares of company stock valued at $76,615,951 over the last 90 days. 1.94% of the stock is owned by corporate insiders.

Invesco Trading Up 2.0 %

Shares of NYSE:IVZ opened at $17.90 on Friday. The company has a market capitalization of $8.14 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.57 and a beta of 1.35. Invesco Ltd. has a 1 year low of $13.20 and a 1 year high of $23.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.44 and a quick ratio of 4.44. The business’s 50 day simple moving average is $18.63 and its 200 day simple moving average is $17.50.

Invesco (NYSE:IVZ – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Invesco had a return on equity of 8.58% and a net margin of 15.22%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. On average, research analysts anticipate that Invesco Ltd. will post 1.6 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Thursday, February 16th were given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Wednesday, February 15th. Invesco’s dividend payout ratio is currently 50.34%.

About Invesco

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Invesco Ltd. engages in the investment management business. Its product includes mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.