Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Invesco Ltd. (NYSE:IVZ)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Invesco Ltd. (NYSE:IVZ) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,564 shares of the asset manager’s stock after selling 2,397 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invesco were worth $1,670,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the 3rd quarter valued at approximately $35,000. Crews Bank & Trust purchased a new stake in Invesco in the fourth quarter valued at approximately $44,000. Assetmark Inc. lifted its stake in Invesco by 381.5% during the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Invesco by 133.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock worth $65,000 after buying an additional 2,136 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on IVZ shares. TD Cowen decreased their target price on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. BMO Capital Markets raised their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada began coverage on shares of Invesco in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $20.00 price target (up previously from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price objective on Invesco from $17.00 to $19.50 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.94.

Invesco Trading Up 0.6 %

NYSE:IVZ opened at $15.96 on Wednesday. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The stock has a market cap of $7.14 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $17.44.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a yield of 5.14%. Invesco’s dividend payout ratio is currently 69.49%.

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.