Asset Management One Co. Ltd. Has $1.47 Million Stock Position in Invesco Ltd. (NYSE:IVZ)

Asset Management One Co. Ltd. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 867.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,108 shares of the asset manager’s stock after buying an additional 74,518 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Invesco were worth $1,469,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Harmony Asset Management LLC lifted its position in shares of Invesco by 1.0% during the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after purchasing an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of Invesco by 4.5% during the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after purchasing an additional 816 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invesco by 9.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 1,167 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Down 1.8 %

IVZ stock opened at $17.87 on Friday. The stock has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $17.50. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The firm has a market capitalization of $8.03 billion, a PE ratio of 15.14, a PEG ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

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

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be issued a $0.205 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.59%. Invesco’s payout ratio is currently 69.49%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada started coverage on shares of Invesco in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. BMO Capital Markets upped their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Finally, Argus raised their target price on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.94.

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.