Daiwa Securities Group Inc. Raises Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Daiwa Securities Group Inc. boosted its stake in Invesco Ltd. (NYSE:IVZ) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,137 shares of the asset manager’s stock after buying an additional 3,381 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IVZ. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco in the 3rd quarter valued at about $1,428,196,000. Azora Capital LP purchased a new stake in Invesco during the third quarter worth about $27,289,000. Amundi increased its stake in Invesco by 124.6% during the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock worth $45,424,000 after purchasing an additional 1,472,178 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock worth $15,982,000 after purchasing an additional 516,622 shares during the period. Finally, Algert Global LLC increased its stake in Invesco by 1,207.8% during the third quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock worth $8,451,000 after purchasing an additional 444,470 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IVZ has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley boosted their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Argus upped their target price on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, BMO Capital Markets upped their target price on shares of Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Stock Performance

Shares of IVZ opened at $15.32 on Monday. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $17.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. Research analysts predict that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is 69.49%.

Invesco 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.