Strs Ohio Reduces Stake in Invesco Ltd. $IVZ

Strs Ohio decreased its stake in Invesco Ltd. (NYSE:IVZ) by 91.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,702 shares of the asset manager’s stock after selling 98,282 shares during the period. Strs Ohio’s holdings in Invesco were worth $200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC lifted its position in Invesco by 4,802.9% in the second quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 1,633 shares during the last quarter. CNB Bank acquired a new stake in shares of Invesco during the third quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of Invesco during the third quarter worth about $30,000. IFP Advisors Inc lifted its holdings in shares of Invesco by 55.7% in the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 761 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Invesco in the 3rd quarter valued at about $37,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on IVZ shares. Morgan Stanley set a $29.00 price target on Invesco in a research note on Monday, January 26th. Evercore ISI increased their price objective on Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Barclays cut their target price on shares of Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. Argus set a $31.00 price target on shares of Invesco in a research report on Wednesday, January 28th. Finally, TD Cowen set a $34.50 price target on shares of Invesco in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.43.

Invesco Stock Up 0.4%

Shares of NYSE IVZ opened at $27.41 on Tuesday. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of -17.13, a price-to-earnings-growth ratio of 0.49 and a beta of 1.65. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $29.61. The firm has a 50-day moving average price of $27.02 and a 200 day moving average price of $24.02. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.83.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 13th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 13th. Invesco’s payout ratio is -52.50%.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.