New York State Teachers Retirement System Has $8.65 Million Position in Invesco Ltd. $IVZ

New York State Teachers Retirement System cut its stake in shares of Invesco Ltd. (NYSE:IVZ) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 356,158 shares of the asset manager’s stock after selling 43,009 shares during the quarter. New York State Teachers Retirement System’s holdings in Invesco were worth $8,651,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IVZ. SJS Investment Consulting Inc. boosted its position in shares of Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares in the last quarter. American National Bank & Trust bought a new stake in Invesco in the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its position in Invesco by 61.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after buying an additional 558 shares in the last quarter. Torren Management LLC acquired a new position in Invesco during the 4th quarter worth approximately $44,000. Finally, Root Financial Partners LLC boosted its holdings in Invesco by 28.2% in the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after acquiring an additional 374 shares in the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IVZ shares. Argus reissued a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a report on Tuesday, June 30th. The Goldman Sachs Group lifted their price target on shares of Invesco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $31.00 price objective on shares of Invesco in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.86.

Invesco Stock Down 1.1%

Shares of Invesco stock traded down $0.29 on Tuesday, hitting $27.54. The company had a trading volume of 436,499 shares, compared to its average volume of 5,651,614. Invesco Ltd. has a 1 year low of $16.49 and a 1 year high of $29.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average of $27.33 and a 200-day moving average of $26.43. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of -18.73, a P/E/G ratio of 0.60 and a beta of 1.62.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that Invesco Ltd. will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is presently -58.50%.

Invesco Company 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.