1,920,751 Shares in Invesco Ltd. $IVZ Acquired by Nuveen LLC

Nuveen LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,920,751 shares of the asset manager's stock, valued at approximately $29,138,000. Nuveen LLC owned approximately 0.43% of Invesco at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVZ. New York State Teachers Retirement System grew its position in Invesco by 8.5% during the first quarter. New York State Teachers Retirement System now owns 405,269 shares of the asset manager's stock valued at $6,148,000 after buying an additional 31,643 shares during the period. Principal Financial Group Inc. boosted its position in Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager's stock worth $21,213,000 after acquiring an additional 894,105 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Invesco by 25.7% during the first quarter. Nisa Investment Advisors LLC now owns 199,155 shares of the asset manager's stock worth $3,021,000 after acquiring an additional 40,665 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Invesco by 24.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager's stock worth $296,000 after purchasing an additional 3,778 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Invesco during the 1st quarter worth approximately $843,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Invesco Price Performance

Invesco stock traded down $0.0650 during trading hours on Thursday, hitting $20.7150. The stock had a trading volume of 1,011,020 shares, compared to its average volume of 5,621,255. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.18 and a beta of 1.55. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $21.85. The stock's fifty day moving average is $18.41 and its two-hundred day moving average is $16.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a net margin of 10.68% and a return on equity of 8.60%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, August 14th. Invesco's dividend payout ratio is 90.32%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IVZ shares. TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and boosted their price target for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Evercore ISI increased their target price on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a report on Wednesday, April 23rd. Morgan Stanley increased their price target on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised their price objective on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $14.50 to $18.00 in a report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Invesco has an average rating of "Hold" and an average price target of $18.78.

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.