Nisa Investment Advisors LLC Has $3.02 Million Position in Invesco Ltd. (NYSE:IVZ)

Nisa Investment Advisors LLC increased its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 25.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,155 shares of the asset manager's stock after acquiring an additional 40,665 shares during the quarter. Nisa Investment Advisors LLC's holdings in Invesco were worth $3,021,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its holdings in shares of Invesco by 24.8% during the first quarter. Stratos Wealth Partners LTD. now owns 44,956 shares of the asset manager's stock valued at $682,000 after acquiring an additional 8,922 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Invesco by 3.6% during the first quarter. Impax Asset Management Group plc now owns 77,334 shares of the asset manager's stock valued at $1,173,000 after acquiring an additional 2,661 shares during the period. D.A. Davidson & CO. raised its holdings 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 acquiring an additional 755 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock valued at $21,213,000 after acquiring an additional 894,105 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Invesco during the first quarter valued at approximately $843,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on IVZ. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley increased their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Evercore ISI raised their price target on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group raised their price target 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. Fifteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.52.

Invesco Price Performance

Invesco stock traded up $0.05 during trading hours on Friday, hitting $17.45. 4,646,776 shares of the stock were exchanged, compared to its average volume of 4,474,821. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $7.81 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.60 and a beta of 1.48. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The business's 50-day moving average is $15.21 and its two-hundred day moving average is $15.79.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a net margin of 13.14% and a return on equity of 8.94%. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Equities research analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Wednesday, May 14th. Invesco's dividend payout ratio is 67.20%.

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.