SBI Securities Co. Ltd. Acquires New Shares in Invesco Ltd. (NYSE:IVZ)

SBI Securities Co. Ltd. acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,011 shares of the asset manager’s stock, valued at approximately $123,000.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after buying an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Invesco during the third quarter worth $35,000. Crews Bank & Trust purchased a new position in Invesco during the fourth quarter worth $44,000. Truvestments Capital LLC purchased a new position in Invesco during the third quarter worth $76,000. Finally, True Wealth Design LLC purchased a new position in Invesco during the third quarter worth $77,000. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.94.

Invesco Price Performance

Shares of Invesco stock opened at $15.67 on Friday. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $19.55. The stock has a market capitalization of $7.04 billion, a P/E ratio of 13.28, a PEG ratio of 0.98 and a beta of 1.43. 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 business’s fifty day moving average price is $17.70 and its 200 day moving average price is $17.56.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

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.