Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Invesco Ltd. $IVZ

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Invesco Ltd. (NYSE:IVZ) by 7.1% in the second quarter, HoldingsChannel.com reports. The fund owned 109,766 shares of the asset manager’s stock after purchasing an additional 7,314 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invesco were worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Jump Financial LLC increased its stake in shares of Invesco by 30.2% during the first quarter. Jump Financial LLC now owns 231,218 shares of the asset manager’s stock worth $3,508,000 after buying an additional 53,608 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Invesco by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager’s stock worth $67,551,000 after acquiring an additional 29,613 shares during the last quarter. Wellington Management Group LLP acquired a new position in Invesco during the 1st quarter worth approximately $418,000. Machina Capital S.A.S. purchased a new stake in shares of Invesco in the 1st quarter valued at approximately $234,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Invesco in the 1st quarter valued at $513,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares of the company’s stock, valued at $660,392.60. This represents a 77.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Sharp sold 160,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the sale, the director directly owned 192 shares of the company’s stock, valued at $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.21% of the stock is currently owned by corporate insiders.

Invesco Price Performance

Shares of NYSE IVZ opened at $23.21 on Friday. The stock has a market cap of $10.33 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.85 and a beta of 1.72. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $24.75. The stock has a 50 day moving average of $23.17 and a two-hundred day moving average of $19.79. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.67.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Invesco’s dividend payout ratio is presently 57.14%.

Analyst Ratings Changes

A number of brokerages recently commented on IVZ. Citigroup boosted their target price on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Wall Street Zen raised Invesco from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Bank of America increased their price objective on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Barclays boosted their target price on Invesco from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target of $23.70.

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.