Sumitomo Mitsui DS Asset Management Company Ltd Acquires 3,718 Shares of Invesco Ltd. (NYSE:IVZ)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Invesco Ltd. (NYSE:IVZ) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 82,170 shares of the asset manager’s stock after buying an additional 3,718 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Harmony Asset Management LLC grew its stake in shares of Invesco by 1.0% in the third quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock worth $1,078,000 after acquiring an additional 600 shares during the period. Centennial Wealth Advisory LLC grew its position in Invesco by 4.5% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock worth $335,000 after purchasing an additional 816 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Invesco by 9.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after buying an additional 1,167 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Invesco by 18.0% during the 4th quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager’s stock valued at $141,000 after buying an additional 1,221 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in shares of Invesco by 484.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after buying an additional 1,285 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Up 0.2 %

NYSE IVZ opened at $18.76 on Wednesday. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.43 billion, a PE ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.43. The stock’s 50 day moving average is $17.82 and its 200 day moving average is $17.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping 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%. Research analysts predict that Invesco Ltd. will post 1.85 EPS for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.37%. Invesco’s payout ratio is 69.49%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IVZ. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Morgan Stanley upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI upped their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 price target (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.94.

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.