California Public Employees Retirement System Has $14.86 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

California Public Employees Retirement System lessened its position in Invesco Ltd. (NYSE:IVZGet Rating) by 10.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 644,332 shares of the asset manager’s stock after selling 77,327 shares during the period. California Public Employees Retirement System owned about 0.14% of Invesco worth $14,858,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IVZ. Allspring Global Investments Holdings LLC bought a new position in shares of Invesco in the fourth quarter valued at about $6,978,000. Commonwealth Equity Services LLC raised its holdings in shares of Invesco by 8.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 73,662 shares of the asset manager’s stock valued at $1,695,000 after buying an additional 5,699 shares during the last quarter. Yousif Capital Management LLC bought a new position in shares of Invesco in the fourth quarter valued at about $1,576,000. CWM LLC bought a new position in shares of Invesco in the fourth quarter valued at about $136,000. Finally, Xponance Inc. raised its holdings in Invesco by 25.2% during the 4th quarter. Xponance Inc. now owns 22,060 shares of the asset manager’s stock worth $508,000 after purchasing an additional 4,434 shares during the last quarter. Institutional investors and hedge funds own 67.53% of the company’s stock.

Insider Activity at Invesco

In related news, CAO Terry Vacheron bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the acquisition, the chief accounting officer now directly owns 10,696 shares of the company’s stock, valued at approximately $186,110.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Invesco news, major shareholder Mm Asset Management Holding Ll acquired 827,590 shares of the company’s stock in a transaction on Monday, June 13th. The stock was acquired at an average price of $16.08 per share, for a total transaction of $13,307,647.20. Following the acquisition, the insider now owns 80,504,729 shares in the company, valued at approximately $1,294,516,042.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Terry Vacheron bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average cost of $17.40 per share, with a total value of $69,600.00. Following the transaction, the chief accounting officer now directly owns 10,696 shares in the company, valued at approximately $186,110.40. The disclosure for this purchase can be found here. 1.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IVZ has been the subject of several recent research reports. UBS Group dropped their price objective on Invesco from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday. Keefe, Bruyette & Woods dropped their price objective on Invesco from $21.00 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, June 28th. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a report on Thursday. The Goldman Sachs Group dropped their price objective on Invesco from $21.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Finally, Citigroup lowered their price target on Invesco from $26.00 to $22.50 in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.59.

Invesco Trading Down 0.6 %

NYSE IVZ opened at $17.80 on Friday. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.44 and a beta of 1.28. The company has a quick ratio of 4.21, a current ratio of 8.00 and a debt-to-equity ratio of 0.50. Invesco Ltd. has a 52 week low of $15.20 and a 52 week high of $27.03. The business has a 50 day moving average price of $17.14 and a 200-day moving average price of $19.61.

Invesco (NYSE:IVZGet Rating) last issued its earnings results on Wednesday, July 27th. The asset manager reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.20). Invesco had a net margin of 19.67% and a return on equity of 10.92%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities analysts expect that Invesco Ltd. will post 2.04 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be issued a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, August 11th. Invesco’s dividend payout ratio is presently 32.33%.

Invesco Profile

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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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