New York State Teachers Retirement System Acquires 38,681 Shares of Invesco Ltd. $IVZ

New York State Teachers Retirement System increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 399,167 shares of the asset manager’s stock after purchasing an additional 38,681 shares during the quarter. New York State Teachers Retirement System’s holdings in Invesco were worth $10,486,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Keybank National Association OH acquired a new stake in Invesco during the fourth quarter worth about $451,000. Carrera Capital Advisors grew its stake in Invesco by 3.7% during the fourth quarter. Carrera Capital Advisors now owns 11,467 shares of the asset manager’s stock worth $301,000 after buying an additional 408 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Invesco by 0.6% during the fourth quarter. Wealthfront Advisers LLC now owns 86,224 shares of the asset manager’s stock worth $2,265,000 after buying an additional 501 shares in the last quarter. Certuity LLC acquired a new stake in Invesco during the fourth quarter worth about $225,000. Finally, Torren Management LLC acquired a new stake in Invesco during the fourth quarter worth about $44,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 0.6%

IVZ opened at $26.03 on Tuesday. The company’s 50 day moving average is $24.52 and its 200-day moving average is $25.34. Invesco Ltd. has a 1-year low of $14.04 and a 1-year high of $29.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.55 billion, a P/E ratio of -17.71, a PEG ratio of 0.60 and a beta of 1.60.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 10.65%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities research analysts predict that Invesco Ltd. will post 2.57 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, May 15th. This is an increase from Invesco’s previous quarterly dividend of $0.21. Invesco’s dividend payout ratio is -57.14%.

Analyst Upgrades and Downgrades

IVZ has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Invesco from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Argus reiterated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Barclays increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Evercore set a $27.00 price objective on shares of Invesco in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Invesco presently has an average rating of “Hold” and a consensus target price of $27.29.

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.