50,538 Shares in Invesco Ltd. $IVZ Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Invesco Ltd. (NYSE:IVZ) in the third quarter, Holdings Channel.com reports. The firm acquired 50,538 shares of the asset manager’s stock, valued at approximately $1,537,000.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Invesco by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,361,119 shares of the asset manager’s stock valued at $518,836,000 after buying an additional 596,434 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Invesco by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 3,431,694 shares of the asset manager’s stock worth $83,356,000 after acquiring an additional 182,060 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco by 28.9% in the 1st quarter. Bank of America Corp DE now owns 2,654,290 shares of the asset manager’s stock worth $64,473,000 after acquiring an additional 595,797 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Invesco by 24.1% in the 1st quarter. Quantinno Capital Management LP now owns 1,574,728 shares of the asset manager’s stock worth $38,250,000 after acquiring an additional 306,213 shares in the last quarter. Finally, Sei Investments Co. raised its position in Invesco by 19.9% during the first quarter. Sei Investments Co. now owns 1,396,191 shares of the asset manager’s stock worth $35,681,000 after acquiring an additional 231,926 shares during the period. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE IVZ opened at $27.09 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.16 and a quick ratio of 1.31. The stock’s 50 day simple moving average is $30.06 and its 200-day simple moving average is $27.99. The company has a market cap of $12.01 billion, a PE ratio of -39.27, a price-to-earnings-growth ratio of 0.40 and a beta of 1.69. Invesco Ltd. has a 1-year low of $21.82 and a 1-year high of $33.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 27th. The asset manager reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Invesco had a positive return on equity of 13.49% and a negative net margin of 1.10%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco Ltd. will post 2.80 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.2150 per share. The ex-dividend date is Friday, November 13th. This represents a $0.86 dividend on an annualized basis and a yield of 3.2%. Invesco’s payout ratio is presently -124.64%.

Analyst Ratings Changes

A number of research firms have weighed in on IVZ. Evercore set a $34.00 price objective on shares of Invesco in a research report on Friday, October 9th. Zacks Research lowered shares of Invesco from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Morgan Stanley boosted their target price on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. Keefe, Bruyette & Woods assumed coverage on shares of Invesco in a research note on Wednesday, September 9th. They set an “outperform” rating and a $39.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Invesco in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Invesco currently has a consensus rating of “Moderate Buy” and an average target price of $33.79.

Insider Buying and Selling at Invesco

In related news, Director Andrew Tak Shing Lo sold 100,840 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total transaction of $3,247,048.00. Following the completion of the sale, the director owned 812,477 shares of the company’s stock, valued at approximately $26,161,759.40. This represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phoebe Wood sold 3,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $32.44, for a total transaction of $97,320.00. Following the sale, the director directly owned 107,111 shares of the company’s stock, valued at approximately $3,474,680.84. This represents a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 222,540 shares of company stock valued at $7,227,167. Insiders own 1.40% of the company’s stock.

About Invesco

Invesco Ltd. is a global investment management company headquartered in Atlanta, Georgia. It provides investment products and services to individual investors, financial professionals, institutions and other organizations.

Its offerings include mutual funds and exchange-traded funds, as well as investment strategies and portfolio management across a range of asset classes and approaches, including active and index investing. Invesco also serves institutional clients with investment solutions tailored to their needs.

The company operates internationally, serving clients across the Americas, Europe, the Middle East and Asia-Pacific.