Invesco Ltd. (NYSE:IVZ) Stock Holdings Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Invesco Ltd. (NYSE:IVZ) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,990 shares of the asset manager’s stock after selling 11,300 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Invesco worth $4,055,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVZ. International Assets Investment Management LLC bought a new stake in Invesco in the third quarter valued at about $331,000. Allworth Financial LP increased its holdings in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after buying an additional 1,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Invesco by 75.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,576 shares of the asset manager’s stock valued at $610,000 after buying an additional 14,844 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco by 591.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 82,603 shares of the asset manager’s stock valued at $1,451,000 after purchasing an additional 70,653 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Invesco by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 52,316 shares of the asset manager’s stock valued at $918,000 after purchasing an additional 3,545 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent research reports. Argus upped their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Evercore ISI upped their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their target price on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.94.

Invesco Stock Performance

Shares of IVZ stock opened at $17.40 on Friday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. Invesco Ltd. has a 12-month low of $14.16 and a 12-month high of $19.55. The business has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $17.57.

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

Invesco Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.71%. Invesco’s dividend payout ratio (DPR) is 69.49%.

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.