Nomura Asset Management Co. Ltd. Has $226,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Nomura Asset Management Co. Ltd. raised its holdings in Invesco Ltd. (NYSE:IVZ) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,888 shares of the asset manager’s stock after acquiring an additional 1,665 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Invesco were worth $226,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Gradient Investments LLC increased its holdings in Invesco by 1,851.7% in the second quarter. Gradient Investments LLC now owns 4,528 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 4,296 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Invesco by 27.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,982 shares of the asset manager’s stock valued at $194,000 after buying an additional 2,815 shares during the period. Raymond James & Associates raised its position in shares of Invesco by 34.8% during the second quarter. Raymond James & Associates now owns 89,610 shares of the asset manager’s stock worth $1,341,000 after acquiring an additional 23,120 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock worth $249,000 after acquiring an additional 963 shares during the period. Finally, Centennial Wealth Advisory LLC increased its position in Invesco by 3.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 669 shares during the period. Institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IVZ shares. UBS Group boosted their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays 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 Wednesday, October 23rd. Morgan Stanley lifted their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Evercore ISI raised their target price on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Invesco presently has a consensus rating of “Hold” and an average price target of $18.63.

Invesco Trading Down 1.9 %

NYSE:IVZ opened at $18.04 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a one year low of $14.16 and a one year high of $18.94. The company has a market cap of $8.11 billion, a PE ratio of -19.61, a PEG ratio of 1.06 and a beta of 1.43. The firm has a 50-day moving average of $17.90 and a 200-day moving average of $16.76.

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

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were issued a $0.205 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.55%. 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.