Invesco Ltd. (NYSE:IVZ) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Invesco Ltd. (NYSE:IVZFree Report) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,522 shares of the asset manager’s stock after acquiring an additional 13,547 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Invesco were worth $1,547,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Invesco by 58.2% during the third quarter. State Street Corp now owns 25,414,143 shares of the asset manager’s stock worth $348,174,000 after buying an additional 9,345,810 shares in the last quarter. Trian Fund Management L.P. grew its position in shares of Invesco by 18.8% during the first quarter. Trian Fund Management L.P. now owns 54,034,034 shares of the asset manager’s stock worth $1,404,885,000 after buying an additional 8,560,175 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Invesco by 14.0% during the first quarter. Vanguard Group Inc. now owns 52,105,335 shares of the asset manager’s stock worth $1,201,550,000 after buying an additional 6,384,917 shares in the last quarter. Norges Bank acquired a new stake in shares of Invesco during the fourth quarter worth approximately $58,133,000. Finally, Fisher Asset Management LLC grew its position in shares of Invesco by 4,967.2% during the second quarter. Fisher Asset Management LLC now owns 3,223,116 shares of the asset manager’s stock worth $54,180,000 after buying an additional 3,159,508 shares in the last quarter. Institutional investors and hedge funds own 66.27% of the company’s stock.

Wall Street Analyst Weigh In

IVZ has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. The Goldman Sachs Group reduced their price objective on Invesco from $18.00 to $17.25 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. TD Cowen began coverage on Invesco in a research note on Thursday, January 4th. They set an “outperform” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods reduced their price objective on Invesco from $21.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Finally, UBS Group reduced their price objective on Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.15.

Get Our Latest Analysis on IVZ

Invesco Price Performance

Shares of IVZ opened at $15.83 on Thursday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of -21.39, a price-to-earnings-growth ratio of 2.11 and a beta of 1.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.10 and a current ratio of 31.13. Invesco Ltd. has a one year low of $12.48 and a one year high of $20.56. The stock’s fifty day moving average is $16.49 and its 200-day moving average is $15.42.

Invesco (NYSE:IVZGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 7.19% and a negative net margin of 1.70%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Equities analysts anticipate that Invesco Ltd. will post 1.68 EPS for the current year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Thursday, February 15th. Invesco’s dividend payout ratio (DPR) is -148.65%.

Invesco Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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