Nomura Asset Management Co. Ltd. grew its holdings in Invesco (NYSE:IVZ) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,625 shares of the asset manager’s stock after acquiring an additional 3,270 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invesco were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Capital International Investors raised its holdings in shares of Invesco by 9.2% in the third quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock valued at $487,666,000 after buying an additional 1,169,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock worth $394,807,000 after purchasing an additional 538,969 shares in the last quarter. American Century Companies Inc. raised its holdings in Invesco by 1.8% during the fourth quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock worth $352,700,000 after purchasing an additional 173,766 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Invesco by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock worth $328,466,000 after purchasing an additional 88,330 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Invesco by 45.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock worth $270,516,000 after purchasing an additional 2,306,093 shares in the last quarter. Hedge funds and other institutional investors own 82.11% of the company’s stock.
A number of equities analysts have weighed in on IVZ shares. Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the stock a “buy” rating in a research note on Saturday, December 16th. Morgan Stanley downgraded shares of Invesco from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $40.00 to $39.00 in a research note on Wednesday, January 3rd. Citigroup downgraded shares of Invesco from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $42.00 to $43.00 in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.57.
NYSE:IVZ traded down $1.08 during mid-day trading on Friday, hitting $30.70. The stock had a trading volume of 3,526,484 shares, compared to its average volume of 3,953,698. Invesco has a 52 week low of $30.02 and a 52 week high of $38.43. The company has a market cap of $12,939.13, a PE ratio of 11.37, a P/E/G ratio of 0.85 and a beta of 1.71. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.
Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same period in the previous year, the firm earned $0.59 EPS. Invesco’s revenue was up 16.3% on a year-over-year basis. equities analysts anticipate that Invesco will post 3.09 EPS for the current year.
In other news, insider Annette Lege sold 5,000 shares of Invesco stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $34.31, for a total value of $171,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $33.12, for a total transaction of $14,005,123.20. The disclosure for this sale can be found here. Insiders sold a total of 452,860 shares of company stock worth $15,011,173 over the last quarter. Insiders own 1.80% of the company’s stock.
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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.
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