Nomura Asset Management Co. Ltd. Acquires 1,665 Shares of Invesco Ltd. (NYSE:IVZ)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,888 shares of the asset manager’s stock after purchasing an additional 1,665 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invesco were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after acquiring an additional 87,405 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after purchasing an additional 654,960 shares during the period. Seven Eight Capital LP purchased a new position in Invesco in the second quarter valued at approximately $576,000. Massachusetts Mutual Life Insurance Co. bought a new position in Invesco during the third quarter valued at $1,428,196,000. Finally, Algert Global LLC purchased a new stake in Invesco in the second quarter worth $551,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Trading Down 1.9 %

Invesco stock opened at $18.04 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a fifty-two week low of $14.16 and a fifty-two week high of $18.94. The stock has a market cap of $8.11 billion, a P/E ratio of -19.61, a PEG ratio of 1.06 and a beta of 1.43. The firm’s fifty day moving average price is $17.90 and its 200-day moving average price is $16.76.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.69 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, November 14th. Invesco’s dividend payout ratio is currently -89.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on IVZ shares. UBS Group upped their price target on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Evercore ISI upped their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.63.

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.