Employees Retirement System of Texas grew its stake in Invesco Ltd. (NYSE:IVZ) by 31.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,000 shares of the asset manager’s stock after acquiring an additional 9,000 shares during the period. Employees Retirement System of Texas’ holdings in Invesco were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Rational Advisors LLC increased its holdings in Invesco by 411.3% in the 4th quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager’s stock valued at $42,000 after buying an additional 2,040 shares during the period. Old North State Trust LLC increased its holdings in Invesco by 71.1% in the 4th quarter. Old North State Trust LLC now owns 3,746 shares of the asset manager’s stock valued at $62,000 after buying an additional 1,557 shares during the period. Bruderman Asset Management LLC bought a new position in Invesco in the 4th quarter valued at about $84,000. Oregon Public Employees Retirement Fund increased its holdings in Invesco by 3,044.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,419,067 shares of the asset manager’s stock valued at $85,000 after buying an additional 1,373,944 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in Invesco by 324.8% in the 4th quarter. AdvisorNet Financial Inc now owns 6,537 shares of the asset manager’s stock valued at $109,000 after buying an additional 4,998 shares during the period. 78.00% of the stock is currently owned by institutional investors.
Several equities analysts have commented on IVZ shares. Deutsche Bank decreased their target price on shares of Invesco from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 16th. Barclays reissued a “buy” rating and issued a $19.00 target price on shares of Invesco in a report on Thursday, January 10th. Morgan Stanley set a $19.00 target price on shares of Invesco and gave the company a “hold” rating in a report on Friday, February 8th. Credit Suisse Group reissued a “hold” rating on shares of Invesco in a report on Thursday, January 31st. Finally, Zacks Investment Research raised shares of Invesco from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.70.
IVZ opened at $19.33 on Thursday. Invesco Ltd. has a 1-year low of $15.38 and a 1-year high of $34.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $7.53 billion, a PE ratio of 7.95, a P/E/G ratio of 1.09 and a beta of 1.53.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, January 30th. The asset manager reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.10). Invesco had a net margin of 16.61% and a return on equity of 10.96%. The company had revenue of $919.20 million during the quarter, compared to analyst estimates of $913.37 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts expect that Invesco Ltd. will post 2.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 14th were paid a $0.30 dividend. The ex-dividend date was Wednesday, February 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.21%. Invesco’s payout ratio is currently 49.38%.
In other Invesco news, major shareholder Ltd. Invesco bought 425,531 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rod Canion bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average price of $17.97 per share, for a total transaction of $179,700.00. Following the completion of the transaction, the director now owns 64,451 shares in the company, valued at $1,158,184.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 455,531 shares of company stock worth $1,680,902. 1.80% of the stock is currently owned by corporate insiders.
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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.
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