Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Invesco Ltd. (NYSE:IVZ)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 82,170 shares of the asset manager’s stock after acquiring an additional 3,718 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco were worth $1,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IVZ. Avior Wealth Management LLC increased its stake in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco during the 3rd quarter valued at approximately $35,000. Allworth Financial LP raised its holdings in Invesco by 304.0% during the 3rd quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the period. Crews Bank & Trust bought a new stake in Invesco in the fourth quarter worth $44,000. Finally, Truvestments Capital LLC purchased a new position in Invesco during the third quarter worth $76,000. Institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

IVZ has been the topic of several recent analyst reports. Argus increased their target price on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. UBS Group increased their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. The Goldman Sachs Group increased their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Stock Performance

IVZ stock opened at $18.76 on Wednesday. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The business has a 50-day moving average price of $17.82 and a 200 day moving average price of $17.43. The company has a market capitalization of $8.43 billion, a P/E ratio of 15.89, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts forecast that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.37%. Invesco’s dividend payout ratio is currently 69.49%.

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.