New York State Teachers Retirement System Increases Stock Position in Invesco Ltd. (NYSE:IVZ)

New York State Teachers Retirement System raised its position in shares of Invesco Ltd. (NYSE:IVZ) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 405,269 shares of the asset manager’s stock after buying an additional 31,643 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Invesco worth $6,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Invesco by 24.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,488 shares of the asset manager’s stock valued at $296,000 after buying an additional 3,778 shares during the period. Elevated Capital Advisors LLC raised its position in shares of Invesco by 3.8% in the 1st quarter. Elevated Capital Advisors LLC now owns 41,084 shares of the asset manager’s stock worth $623,000 after purchasing an additional 1,517 shares during the last quarter. Gold Investment Management Ltd. raised its position in shares of Invesco by 16.1% in the 1st quarter. Gold Investment Management Ltd. now owns 63,700 shares of the asset manager’s stock worth $966,000 after purchasing an additional 8,833 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Invesco by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,861 shares of the asset manager’s stock worth $864,000 after purchasing an additional 7,796 shares during the last quarter. Finally, Econ Financial Services Corp raised its position in shares of Invesco by 24.4% in the 1st quarter. Econ Financial Services Corp now owns 151,166 shares of the asset manager’s stock worth $2,293,000 after purchasing an additional 29,632 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IVZ shares. Bank of America lowered their price target on Invesco from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley boosted their target price on Invesco from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company decreased their target price on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Barclays boosted their target price on Invesco from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, June 9th. Finally, The Goldman Sachs Group boosted their target price on Invesco from $16.25 to $16.75 and gave the stock a “neutral” rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $17.48.

Invesco Trading Up 1.0%

Invesco stock opened at $16.76 on Friday. The business has a 50-day simple moving average of $14.90 and a two-hundred day simple moving average of $15.81. The company has a market cap of $7.50 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.95 and a beta of 1.48. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.94% and a net margin of 13.14%. During the same period in the previous year, the company posted $0.33 EPS. Analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.01%. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 14th. Invesco’s dividend payout ratio is currently 67.20%.

Invesco 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.