Norinchukin Bank The Has $741,000 Holdings in Invesco Ltd. (IVZ)

Norinchukin Bank The raised its stake in shares of Invesco Ltd. (NYSE:IVZ) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,395 shares of the asset manager’s stock after buying an additional 3,480 shares during the quarter. Norinchukin Bank The’s holdings in Invesco were worth $741,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Invesco by 19.8% during the third quarter. American Century Companies Inc. now owns 19,693,259 shares of the asset manager’s stock worth $450,582,000 after purchasing an additional 3,250,743 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 11,308,238 shares of the asset manager’s stock worth $258,733,000 after purchasing an additional 1,263,803 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Invesco by 5.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,630,964 shares of the asset manager’s stock worth $105,958,000 after purchasing an additional 234,971 shares during the last quarter. FMR LLC boosted its holdings in shares of Invesco by 8.5% during the second quarter. FMR LLC now owns 3,493,596 shares of the asset manager’s stock worth $92,790,000 after purchasing an additional 274,647 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Invesco by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,456,103 shares of the asset manager’s stock worth $91,796,000 after purchasing an additional 115,492 shares during the last quarter. Hedge funds and other institutional investors own 81.65% of the company’s stock.

Shares of IVZ opened at $20.26 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $8.33 billion, a P/E ratio of 7.50, a PEG ratio of 0.86 and a beta of 1.52. Invesco Ltd. has a twelve month low of $19.28 and a twelve month high of $38.43.

Invesco (NYSE:IVZ) last issued its earnings results on Thursday, October 18th. The asset manager reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business had revenue of $966.90 million for the quarter, compared to analyst estimates of $972.49 million. Invesco had a return on equity of 12.25% and a net margin of 21.66%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Equities research analysts expect that Invesco Ltd. will post 2.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, November 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Friday, November 9th. Invesco’s dividend payout ratio (DPR) is currently 44.44%.

Several equities research analysts have recently issued reports on IVZ shares. UBS Group decreased their price objective on Invesco from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, October 8th. Morgan Stanley decreased their price objective on Invesco from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 9th. Zacks Investment Research upgraded Invesco from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Credit Suisse Group restated a “neutral” rating and set a $27.00 price objective (down previously from $34.00) on shares of Invesco in a report on Friday, October 19th. Finally, Deutsche Bank decreased their price objective on Invesco from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.00.

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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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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