Daiwa Securities Group Inc. Has $271,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Daiwa Securities Group Inc. raised its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,087 shares of the asset manager’s stock after purchasing an additional 3,293 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IVZ. Teacher Retirement System of Texas lifted its holdings in Invesco by 53.3% in the fourth quarter. Teacher Retirement System of Texas now owns 40,768 shares of the asset manager’s stock valued at $727,000 after buying an additional 14,183 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of Invesco by 7.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 46,304 shares of the asset manager’s stock worth $826,000 after purchasing an additional 3,141 shares during the last quarter. Norges Bank acquired a new stake in shares of Invesco during the fourth quarter worth $59,713,000. Dynamic Technology Lab Private Ltd bought a new stake in Invesco in the fourth quarter valued at about $193,000. Finally, PNC Financial Services Group Inc. lifted its stake in Invesco by 10.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock valued at $1,353,000 after buying an additional 6,994 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada upped their price target on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Wells Fargo & Company began coverage on shares of Invesco in a research report on Thursday, September 12th. They set an “underweight” rating and a $16.00 price target on the stock. Evercore ISI upped their price objective on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, August 20th. Finally, Barclays began coverage on Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and a consensus price target of $16.98.

Invesco Price Performance

NYSE IVZ opened at $16.61 on Wednesday. The firm’s 50 day moving average is $16.41 and its 200-day moving average is $15.78. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $7.47 billion, a PE ratio of -22.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $0.31 EPS. The company’s revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th were paid a $0.205 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.94%. Invesco’s dividend payout ratio is -109.33%.

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.