Sumitomo Mitsui DS Asset Management Company Ltd Purchases 8,064 Shares of Invesco Ltd. $IVZ

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Invesco Ltd. (NYSE:IVZ) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,354 shares of the asset manager’s stock after buying an additional 8,064 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco were worth $1,488,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IVZ. AQR Capital Management LLC increased its stake in shares of Invesco by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after purchasing an additional 2,882,928 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Invesco by 11.3% in the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock valued at $107,455,000 after purchasing an additional 721,947 shares during the period. Goldman Sachs Group Inc. increased its position in Invesco by 99.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock valued at $106,598,000 after buying an additional 3,507,150 shares in the last quarter. Alliancebernstein L.P. increased its position in Invesco by 9.5% in the 1st quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager’s stock valued at $105,968,000 after buying an additional 605,161 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Invesco by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock worth $67,551,000 after purchasing an additional 29,613 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Down 0.8%

Shares of NYSE IVZ opened at $22.47 on Monday. The firm’s 50-day moving average price is $21.14 and its 200-day moving average price is $16.98. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.27 and a beta of 1.58. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $22.78.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. Invesco’s payout ratio is presently 90.32%.

Insiders Place Their Bets

In related news, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the transaction, the director directly owned 29,855 shares in the company, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IVZ shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Wells Fargo & Company raised Invesco from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $14.50 to $18.00 in a research note on Friday, July 11th. The Goldman Sachs Group raised their price objective on Invesco from $16.25 to $16.75 and gave the company a “neutral” rating in a research note on Friday, June 27th. Barclays raised their price objective on Invesco from $17.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 23rd. Finally, Zacks Research upgraded shares of Invesco to a “hold” rating in a report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Invesco has an average rating of “Hold” and a consensus price target of $19.38.

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.