State of New Jersey Common Pension Fund D Decreases Holdings in Invesco Ltd. (NYSE:IVZ)

State of New Jersey Common Pension Fund D reduced its stake in shares of Invesco Ltd. (NYSE:IVZ) by 32.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 122,897 shares of the asset manager’s stock after selling 58,839 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Invesco were worth $1,839,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Family Firm Inc. bought a new stake in Invesco in the 2nd quarter valued at about $28,000. Sentry Investment Management LLC purchased a new stake in shares of Invesco during the 2nd quarter valued at approximately $30,000. Quarry LP bought a new position in Invesco in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its stake in Invesco by 182.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after buying an additional 1,589 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Invesco by 35.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 766 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Down 0.2 %

Shares of IVZ opened at $17.13 on Tuesday. Invesco Ltd. has a 1 year low of $12.48 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.80 and a quick ratio of 5.80. The stock has a 50 day simple moving average of $16.53 and a two-hundred day simple moving average of $15.83. The firm has a market cap of $7.71 billion, a P/E ratio of -22.84, a P/E/G ratio of 1.09 and a beta of 1.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Invesco had a negative net margin of 1.73% and a positive return on equity of 8.41%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts forecast that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Invesco in a report on Thursday, September 12th. They issued an “underweight” rating and a $16.00 price target for the company. StockNews.com lowered Invesco from a “hold” rating to a “sell” rating in a report on Saturday, August 31st. Royal Bank of Canada increased their price target on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Barclays initiated coverage on shares of Invesco in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 price objective for the company. Finally, Evercore ISI increased their target price 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. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.98.

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.