Texas Permanent School Fund Decreases Position in Invesco Ltd. (NYSE:IVZ)

Texas Permanent School Fund cut its stake in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,258 shares of the asset manager’s stock after selling 1,010 shares during the period. Texas Permanent School Fund’s holdings in Invesco were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in shares of Invesco in the first quarter worth approximately $31,000. Exchange Traded Concepts LLC purchased a new stake in shares of Invesco in the second quarter worth approximately $32,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco in the second quarter worth approximately $36,000. First Horizon Advisors Inc. raised its holdings in shares of Invesco by 264.2% in the second quarter. First Horizon Advisors Inc. now owns 2,684 shares of the asset manager’s stock worth $43,000 after buying an additional 1,947 shares during the period. Finally, Riverview Trust Co purchased a new stake in shares of Invesco in the second quarter worth approximately $48,000. 83.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco Stock Down 0.2 %

Invesco stock opened at $18.91 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 4.43 and a quick ratio of 4.43. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.91 and a beta of 1.31. Invesco Ltd. has a 1-year low of $13.20 and a 1-year high of $25.33. The business has a fifty day moving average price of $15.80 and a 200-day moving average price of $16.87.

Invesco (NYSE:IVZGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The asset manager reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 10.39% and a net margin of 18.21%. The firm’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. Equities research analysts forecast that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a $0.188 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.98%. Invesco’s payout ratio is 37.50%.

Analyst Ratings Changes

IVZ has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Invesco from $20.00 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 18th. The Goldman Sachs Group increased their price objective on Invesco from $14.50 to $15.00 and gave the stock a “hold neutral” rating in a research note on Thursday, November 10th. Credit Suisse Group cut Invesco from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $13.00 to $11.50 in a research note on Wednesday, October 26th. StockNews.com initiated coverage on Invesco in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Invesco from $16.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.38.

Invesco Company 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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