Sumitomo Mitsui DS Asset Management Company Ltd Has $1.38 Million Stake in Invesco Ltd. (NYSE:IVZ)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,452 shares of the asset manager’s stock after buying an additional 1,020 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Centennial Wealth Advisory LLC increased its position in Invesco by 3.8% during the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock worth $273,000 after buying an additional 669 shares during the last quarter. Wright Investors Service Inc. grew its position in shares of Invesco by 2.1% in the first quarter. Wright Investors Service Inc. now owns 46,787 shares of the asset manager’s stock valued at $776,000 after purchasing an additional 944 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after purchasing an additional 963 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Invesco by 11.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock valued at $155,000 after purchasing an additional 1,010 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE:IVZ opened at $18.04 on Wednesday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.79. The firm has a 50 day moving average of $17.07 and a 200-day moving average of $16.08. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $8.11 billion, a P/E ratio of -24.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. Invesco’s quarterly revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.66 EPS for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. Invesco’s dividend payout ratio is currently -109.33%.

Wall Street Analyst Weigh In

IVZ has been the subject of several research reports. UBS Group increased their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of Invesco from $17.25 to $17.50 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays started coverage on shares of Invesco in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $18.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Invesco presently has a consensus rating of “Hold” and a consensus target price of $17.88.

About Invesco

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.