Invesco Ltd. (IVZ) Stake Decreased by Nomura Holdings Inc.
Nomura Holdings Inc. reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 18.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,490 shares of the asset manager’s stock after selling 15,708 shares during the quarter. Nomura Holdings Inc.’s holdings in Invesco were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVZ. American Century Companies Inc. increased its holdings in Invesco by 41.3% during the 2nd quarter. American Century Companies Inc. now owns 16,442,516 shares of the asset manager’s stock worth $436,713,000 after purchasing an additional 4,801,968 shares during the period. BlackRock Inc. boosted its position in Invesco by 10.5% during the 1st quarter. BlackRock Inc. now owns 34,426,896 shares of the asset manager’s stock valued at $1,102,006,000 after acquiring an additional 3,283,953 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Invesco during the 2nd quarter valued at $46,717,000. Federated Investors Inc. PA boosted its position in Invesco by 181.4% during the 2nd quarter. Federated Investors Inc. PA now owns 2,375,762 shares of the asset manager’s stock valued at $63,100,000 after acquiring an additional 1,531,418 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Invesco by 155.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,442,040 shares of the asset manager’s stock valued at $78,170,000 after acquiring an additional 1,487,595 shares in the last quarter. Institutional investors own 78.77% of the company’s stock.
Invesco stock opened at $24.31 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $9.99 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.99 and a beta of 1.65. Invesco Ltd. has a 1-year low of $23.25 and a 1-year high of $38.43.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Thursday, August 16th were given a $0.30 dividend. The ex-dividend date was Wednesday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.94%. Invesco’s payout ratio is 44.44%.
Several analysts have issued reports on IVZ shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Invesco in a research report on Friday, July 27th. ValuEngine cut Invesco from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Morgan Stanley dropped their target price on Invesco from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 2nd. Wells Fargo & Co dropped their target price on Invesco from $34.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday, July 13th. Finally, Deutsche Bank dropped their target price on Invesco from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Invesco has an average rating of “Hold” and a consensus target price of $35.79.
Invesco Company 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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