Mufg Securities Americas Inc. Buys New Holdings in Invesco Ltd. (NYSE:IVZ)

Mufg Securities Americas Inc. bought a new stake in shares of Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,634 shares of the asset manager’s stock, valued at approximately $116,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Invesco by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,609 shares of the asset manager’s stock valued at $22,472,000 after acquiring an additional 188,041 shares during the period. Bank of New York Mellon Corp lifted its holdings in Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after buying an additional 113,451 shares during the period. Proficio Capital Partners LLC purchased a new stake in Invesco in the 4th quarter worth approximately $735,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invesco in the 4th quarter worth approximately $424,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Invesco by 41.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,065 shares of the asset manager’s stock worth $867,000 after buying an additional 14,489 shares during the period. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Up 0.8%

IVZ stock opened at $15.44 on Friday. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market cap of $6.91 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The business has a 50 day moving average of $14.30 and a 200 day moving average of $16.51.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.33 EPS. On average, research analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.44%. This is an increase from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. Invesco’s dividend payout ratio (DPR) is currently 67.20%.

Analysts Set New Price Targets

IVZ has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Invesco in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $19.00 price objective for the company. UBS Group increased their price objective on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company dropped their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Barclays increased their price objective on Invesco from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Invesco from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.25.

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.