35,070 Shares in Invesco Ltd. $IVZ Purchased by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. purchased 35,070 shares of Invesco Ltd., valued at approximately $532,000, signaling increased institutional interest in the company.
• Multiple analysts have adjusted their price targets for Invesco, with Barclays raising it from $17.00 to $22.00 and Royal Bank of Canada setting a target of $16.00.
• Invesco recently announced a quarterly dividend of $0.21 per share, translating to an annual yield of 3.8%, with a payout ratio of approximately 90.32%.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,070 shares of the asset manager's stock, valued at approximately $532,000.

Other large investors have also modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of Invesco by 1.6% during the first quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager's stock valued at $720,000 after purchasing an additional 755 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Invesco by 6.8% during the first quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager's stock worth $189,000 after buying an additional 792 shares during the period. Brooklyn Investment Group lifted its holdings in Invesco by 17.1% during the first quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager's stock worth $83,000 after buying an additional 800 shares during the period. CWM LLC boosted its position in Invesco by 0.5% during the 1st quarter. CWM LLC now owns 163,434 shares of the asset manager's stock valued at $2,479,000 after acquiring an additional 862 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its holdings in shares of Invesco by 33.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,943 shares of the asset manager's stock valued at $60,000 after acquiring an additional 990 shares during the period. Institutional investors own 66.09% of the company's stock.

Analyst Ratings Changes

IVZ has been the subject of a number of analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research note on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Zacks Research raised shares of Invesco to a "hold" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group lifted their price objective on shares of Invesco from $16.25 to $16.75 and gave the stock a "neutral" rating in a research report on Friday, June 27th. Finally, Barclays increased their target price on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.38.

Invesco Trading Down 0.3%

Shares of Invesco stock opened at $22.17 on Thursday. The firm's 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $16.71. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.24 and a beta of 1.58. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $22.56. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, August 14th. Invesco's payout ratio is presently 90.32%.

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.

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