Nuveen Asset Management LLC Purchases 29,782 Shares of Invesco Ltd. (NYSE:IVZ)

Nuveen Asset Management LLC boosted its position in Invesco Ltd. (NYSE:IVZ) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,294,262 shares of the asset manager’s stock after purchasing an additional 29,782 shares during the period. Nuveen Asset Management LLC’s holdings in Invesco were worth $22,624,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after buying an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock worth $351,430,000 after acquiring an additional 274,134 shares during the period. Geode Capital Management LLC increased its holdings in shares of Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after acquiring an additional 134,726 shares during the last quarter. AQR Capital Management LLC raised its stake in Invesco by 38.5% in the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock valued at $142,385,000 after acquiring an additional 2,264,551 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Invesco by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after acquiring an additional 31,854 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Price Performance

Shares of NYSE IVZ opened at $14.38 on Friday. The stock has a market capitalization of $6.44 billion, a PE ratio of 12.19, a P/E/G ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The business has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $16.42.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.21 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a yield of 5.84%. The ex-dividend date is Wednesday, May 14th. Invesco’s payout ratio is currently 67.20%.

Analyst Ratings Changes

A number of equities analysts have commented on IVZ shares. Barclays lifted their price objective on shares of Invesco from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 23rd. TD Cowen cut Invesco from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. BMO Capital Markets upped their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Citigroup lowered their target price on Invesco from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Finally, Argus boosted their price target on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.25.

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.