New York State Teachers Retirement System Cuts Holdings in Invesco Ltd. (NYSE:IVZ)

New York State Teachers Retirement System trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,626 shares of the asset manager’s stock after selling 44,757 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Invesco worth $6,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco during the third quarter worth $1,428,196,000. State Street Corp lifted its stake in shares of Invesco by 0.7% during the third quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock worth $369,823,000 after buying an additional 151,408 shares during the period. Geode Capital Management LLC lifted its stake in shares of Invesco by 0.9% during the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after buying an additional 93,126 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Invesco by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after buying an additional 87,405 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Invesco by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,311,814 shares of the asset manager’s stock valued at $75,715,000 after purchasing an additional 45,891 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ stock opened at $18.22 on Thursday. The firm’s 50 day moving average price is $17.85 and its 200-day moving average price is $17.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. Invesco Ltd. has a one year low of $14.16 and a one year high of $19.55. The firm has a market cap of $8.19 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.01 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, equities research analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, February 14th. Invesco’s dividend payout ratio is presently 69.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IVZ shares. UBS Group boosted their target price on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Evercore ISI lifted their price objective on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 target price (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco Company 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.