New York State Teachers Retirement System Sells 44,450 Shares of Invesco Ltd. $IVZ

New York State Teachers Retirement System reduced its stake in shares of Invesco Ltd. (NYSE:IVZ) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 360,486 shares of the asset manager’s stock after selling 44,450 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Invesco worth $8,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IVZ. Bayforest Capital Ltd increased its position in shares of Invesco by 17,838.5% during the third quarter. Bayforest Capital Ltd now owns 6,996 shares of the asset manager’s stock worth $160,000 after acquiring an additional 6,957 shares in the last quarter. Forum Financial Management LP boosted its stake in Invesco by 10.5% in the 3rd quarter. Forum Financial Management LP now owns 19,139 shares of the asset manager’s stock worth $439,000 after purchasing an additional 1,812 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Invesco by 32.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,035 shares of the asset manager’s stock worth $1,171,000 after purchasing an additional 12,428 shares in the last quarter. Steinberganna Wealth Management bought a new position in Invesco during the 3rd quarter worth about $201,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Invesco in the 3rd quarter valued at about $1,547,000. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on IVZ shares. Bank of America upped their price objective on Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Evercore ISI boosted their target price on Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Zacks Research downgraded Invesco from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. BMO Capital Markets raised their price target on shares of Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Finally, Citigroup lifted their price objective on shares of Invesco from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $24.86.

Invesco Stock Up 4.0%

IVZ stock opened at $29.38 on Friday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.51 and a beta of 1.65. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.45. The business has a 50 day moving average price of $25.85 and a two-hundred day moving average price of $22.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85.

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

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, November 14th. Invesco’s dividend payout ratio (DPR) is 57.14%.

Insider Buying and Selling at Invesco

In other news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the transaction, the director directly owned 192 shares in the company, valued at $4,523.52. The trade was a 99.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by corporate insiders.

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.