New York State Common Retirement Fund Sells 37,916 Shares of Invesco Ltd. (NYSE:IVZ)

New York State Common Retirement Fund lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 311,679 shares of the asset manager’s stock after selling 37,916 shares during the period. New York State Common Retirement Fund’s holdings in Invesco were worth $5,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IVZ. Illinois Municipal Retirement Fund grew its holdings in shares of Invesco by 41.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 204,606 shares of the asset manager’s stock worth $3,650,000 after purchasing an additional 60,394 shares during the last quarter. Duality Advisers LP acquired a new position in Invesco in the 4th quarter valued at approximately $404,000. MCF Advisors LLC raised its stake in shares of Invesco by 16.1% during the fourth quarter. MCF Advisors LLC now owns 6,182 shares of the asset manager’s stock valued at $110,000 after acquiring an additional 855 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Invesco by 28.5% during the fourth quarter. Signaturefd LLC now owns 14,507 shares of the asset manager’s stock worth $259,000 after purchasing an additional 3,214 shares during the period. Finally, Greenleaf Trust acquired a new position in shares of Invesco during the fourth quarter worth $263,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Up 2.1 %

NYSE:IVZ opened at $14.84 on Friday. Invesco Ltd. has a 12 month low of $12.48 and a 12 month high of $18.71. The company has a current ratio of 6.89, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -19.79, a PEG ratio of 1.10 and a beta of 1.45. The firm has a fifty day simple moving average of $15.58 and a two-hundred day simple moving average of $15.47.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Invesco Ltd. will post 1.65 EPS for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.53%. This is a positive change from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio is presently -106.67%.

Analysts Set New Price Targets

IVZ has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 target price (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. TD Cowen lowered their price objective on Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. The Goldman Sachs Group lowered their price target on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, Royal Bank of Canada boosted their price target on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.79.

About Invesco

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.