Strs Ohio Has $1.69 Million Holdings in Invesco Ltd. $IVZ

Strs Ohio cut its holdings in Invesco Ltd. (NYSE:IVZ) by 13.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,984 shares of the asset manager’s stock after selling 17,283 shares during the period. Strs Ohio’s holdings in Invesco were worth $1,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in Invesco by 99.6% during the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after buying an additional 3,507,150 shares during the last quarter. AQR Capital Management LLC increased its holdings in Invesco by 35.4% during the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock worth $165,262,000 after buying an additional 2,882,928 shares during the last quarter. Nuveen LLC acquired a new position in Invesco during the first quarter worth $29,138,000. Jefferies Financial Group Inc. acquired a new position in Invesco during the first quarter worth $14,433,000. Finally, Principal Financial Group Inc. increased its holdings in Invesco by 177.3% during the first quarter. Principal Financial Group Inc. now owns 1,398,364 shares of the asset manager’s stock worth $21,213,000 after buying an additional 894,105 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IVZ has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Invesco to a “hold” rating in a report on Tuesday, August 12th. BMO Capital Markets restated an “outperform” rating on shares of Invesco in a report on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Fundamental Research set a $27.00 target price on shares of Invesco in a report on Friday. Finally, Bank of America boosted their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.41.

Insider Transactions at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $22.12, for a total value of $2,282,607.04. Following the completion of the sale, the director owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $23.56, for a total transaction of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.21% of the company’s stock.

Invesco Price Performance

NYSE:IVZ opened at $23.21 on Wednesday. Invesco Ltd. has a one year low of $11.60 and a one year high of $24.75. The company has a market cap of $10.35 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.85 and a beta of 1.66. The firm’s fifty day moving average price is $22.83 and its two-hundred day moving average price is $19.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.30 and a quick ratio of 1.30.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Invesco’s payout ratio is presently 57.14%.

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.