Invesco Ltd. (NYSE:IVZ) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,294,262 shares of the asset manager's stock after purchasing an additional 29,782 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.29% of Invesco worth $22,624,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in Invesco during the 4th quarter worth about $38,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Invesco by 180.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco in the 4th quarter valued at about $44,000. Resona Asset Management Co. Ltd. acquired a new position in Invesco in the fourth quarter valued at approximately $52,000. Finally, Assetmark Inc. boosted its holdings in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock valued at $61,000 after purchasing an additional 2,770 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on Invesco from $17.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Morgan Stanley lowered their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Citigroup cut their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group lifted their price target on Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets lifted their price target on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.25.

Invesco Price Performance

Shares of Invesco stock traded down $0.17 during trading on Wednesday, reaching $14.60. The company's stock had a trading volume of 2,815,154 shares, compared to its average volume of 4,292,647. Invesco Ltd. has a 12-month low of $11.60 and a 12-month high of $19.55. The company has a market capitalization of $6.53 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47. The business has a 50 day moving average price of $14.21 and a 200-day moving average price of $16.36. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.76%. This is a boost from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's payout ratio is 67.20%.

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.