Sumitomo Mitsui Trust Group Inc. Has $248,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Invesco Ltd. (NYSE:IVZ) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,149 shares of the asset manager’s stock after purchasing an additional 1,167 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Invesco were worth $248,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Centennial Wealth Advisory LLC grew its holdings in shares of Invesco by 3.8% during the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after buying an additional 669 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco by 1.4% during 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 buying an additional 946 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Invesco by 6.1% during 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 in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Invesco by 11.9% during 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Invesco by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock valued at $1,378,000 after purchasing an additional 1,020 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IVZ shares. Morgan Stanley raised their price target on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Evercore ISI raised their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. UBS Group raised their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.63.

Invesco Price Performance

IVZ opened at $17.41 on Thursday. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of -18.92, a PEG ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $17.58 and a 200-day moving average price of $16.46. Invesco Ltd. has a twelve month low of $13.53 and a twelve month high of $18.94.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The company’s revenue was down 20.8% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Equities analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.82 annualized dividend and a yield of 4.71%. Invesco’s dividend payout ratio is currently -89.13%.

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.