Invesco Ltd. (NYSE:IVZ) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in Invesco Ltd. (NYSE:IVZ) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,500 shares of the asset manager’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Invesco were worth $381,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IVZ. Kestra Private Wealth Services LLC raised its stake in shares of Invesco by 18.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 82,796 shares of the asset manager’s stock valued at $1,477,000 after purchasing an additional 13,027 shares during the period. Savant Capital LLC lifted its holdings in Invesco by 40.6% in the 4th quarter. Savant Capital LLC now owns 29,250 shares of the asset manager’s stock worth $522,000 after buying an additional 8,451 shares in the last quarter. Victory Capital Management Inc. boosted its position in Invesco by 90.1% in the 4th quarter. Victory Capital Management Inc. now owns 147,161 shares of the asset manager’s stock valued at $2,625,000 after buying an additional 69,754 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Invesco during the fourth quarter valued at about $358,000. Finally, Fisher Asset Management LLC increased its position in shares of Invesco by 11.1% during the fourth quarter. Fisher Asset Management LLC now owns 3,921,250 shares of the asset manager’s stock worth $69,955,000 after acquiring an additional 391,935 shares during the last quarter. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IVZ has been the subject of a number of recent analyst reports. Barclays started coverage on Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective for the company. Evercore ISI lifted their price target on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reduced their price objective on shares of Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, StockNews.com cut shares of Invesco from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and a consensus target price of $17.20.

Invesco Trading Up 1.1 %

NYSE:IVZ opened at $17.09 on Friday. The business has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $15.73. The firm has a market capitalization of $7.69 billion, a P/E ratio of -22.79, a P/E/G ratio of 1.16 and a beta of 1.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 6.89. Invesco Ltd. has a 12-month low of $12.48 and a 12-month high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts predict that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.82 dividend on an annualized basis and a yield of 4.80%. Invesco’s dividend payout ratio (DPR) is -109.33%.

Invesco Company Profile

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.