Invesco Ltd. $IVZ Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Invesco Ltd. (NYSE:IVZ) by 729.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,246 shares of the asset manager’s stock after buying an additional 95,190 shares during the period. Asset Management One Co. Ltd.’s holdings in Invesco were worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IVZ. Goldman Sachs Group Inc. lifted its stake in shares of Invesco by 99.6% during the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after buying an additional 3,507,150 shares during the period. AQR Capital Management LLC raised its holdings in shares of Invesco by 35.4% during the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock worth $165,262,000 after purchasing an additional 2,882,928 shares during the last quarter. Nuveen LLC purchased a new position in shares of Invesco during the first quarter worth $29,138,000. Jefferies Financial Group Inc. purchased a new position in shares of Invesco during the first quarter worth $14,433,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock worth $21,213,000 after purchasing an additional 894,105 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on IVZ. Bank of America raised their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Invesco in a report on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 target price (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. BMO Capital Markets reissued an “outperform” rating on shares of Invesco in a report on Friday, October 24th. Finally, Citigroup lifted their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.57.

Invesco Price Performance

NYSE:IVZ opened at $24.06 on Thursday. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $24.75. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $10.73 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.66. The stock’s 50-day moving average price is $22.66 and its 200-day moving average price is $18.66.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a return on equity of 8.52% and a net margin of 14.15%.The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Invesco’s payout ratio is currently 90.32%.

Insider Activity at Invesco

In other 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 completion of the sale, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by corporate insiders.

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.