Sumitomo Mitsui DS Asset Management Company Ltd Cuts Holdings in Invesco Ltd. $IVZ

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in shares of Invesco Ltd. (NYSE:IVZ) by 88.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,361 shares of the asset manager’s stock after selling 82,993 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in Invesco during the first quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Invesco by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after buying an additional 2,393 shares in the last quarter. Woodline Partners LP raised its stake in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after buying an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Invesco by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after buying an additional 12,685 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Invesco during the 1st quarter valued at approximately $1,885,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE:IVZ opened at $28.23 on Thursday. The company has a market cap of $12.57 billion, a P/E ratio of 19.20, a P/E/G ratio of 0.52 and a beta of 1.65. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.05. The company’s 50-day moving average price is $25.73 and its 200-day moving average price is $22.92. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Invesco’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

IVZ has been the subject of several recent analyst reports. Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Fundamental Research set a $27.00 target price on shares of Invesco in a research report on Friday, October 31st. Evercore ISI boosted their target price on shares of Invesco from $24.00 to $26.00 and gave the stock an “in-line” rating in a research note on Thursday, October 9th. Royal Bank Of Canada raised their price target on shares of Invesco from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Finally, Cowen reiterated a “buy” rating on shares of Invesco in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus price target of $24.70.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Invesco Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.