UniSuper Management Pty Ltd Buys 3,227 Shares of Invesco Ltd. (NYSE:IVZ)

UniSuper Management Pty Ltd lifted its stake in Invesco Ltd. (NYSE:IVZ) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 88,545 shares of the asset manager’s stock after acquiring an additional 3,227 shares during the period. UniSuper Management Pty Ltd’s holdings in Invesco were worth $1,548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in Invesco by 14.8% in the third quarter. Daiwa Securities Group Inc. now owns 20,756 shares of the asset manager’s stock worth $364,000 after purchasing an additional 2,669 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Invesco by 9.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,669 shares of the asset manager’s stock valued at $1,241,000 after purchasing an additional 5,878 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Invesco by 3.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 78,451 shares of the asset manager’s stock worth $1,378,000 after buying an additional 2,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Invesco by 131.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after purchasing an additional 516,622 shares during the last quarter. Finally, Vinva Investment Management Ltd boosted its position in Invesco by 34.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 35,321 shares of the asset manager’s stock valued at $620,000 after buying an additional 9,078 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $15.20 on Monday. 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 firm has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $17.44. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The firm has a market capitalization of $6.80 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43.

Invesco (NYSE:IVZ) last posted 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%. Analysts forecast that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.40%. Invesco’s dividend payout ratio is currently 69.49%.

Analyst Ratings Changes

Several brokerages have recently commented on IVZ. JPMorgan Chase & Co. lowered their price target on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets lifted their price objective on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. UBS Group upped their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price target for the company. Finally, Morgan Stanley raised their price objective on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Company 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.