Daiwa Securities Group Inc. Has $364,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Daiwa Securities Group Inc. 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 20,756 shares of the asset manager’s stock after acquiring an additional 2,669 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Invesco were worth $364,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IVZ. Dimensional Fund Advisors LP grew its holdings in Invesco by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after acquiring an additional 3,349,069 shares during the period. Marshall Wace LLP increased its stake in shares of Invesco by 115.7% in the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after acquiring an additional 654,960 shares in the last quarter. Algert Global LLC lifted its position in shares of Invesco by 1,207.8% during the 3rd quarter. Algert Global LLC now owns 481,270 shares of the asset manager’s stock valued at $8,451,000 after acquiring an additional 444,470 shares during the period. AQR Capital Management LLC boosted its stake in Invesco by 19.0% during the second quarter. AQR Capital Management LLC now owns 2,364,232 shares of the asset manager’s stock worth $35,274,000 after acquiring an additional 377,786 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Invesco in the third quarter worth $4,889,000. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IVZ shares. The Goldman Sachs Group upped their target price on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Evercore ISI upped their price objective on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus price target of $18.63.

Invesco Stock Up 0.3 %

Shares of NYSE IVZ opened at $18.09 on Monday. The firm has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $16.59. Invesco Ltd. has a 12 month low of $14.14 and a 12 month high of $18.94. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.13 billion, a PE ratio of -19.66, a price-to-earnings-growth ratio of 1.04 and a beta of 1.44.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Equities analysts expect that Invesco Ltd. will post 1.69 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.