Strs Ohio Purchases Shares of 124,267 Invesco Ltd. $IVZ

Key Points

• Strs Ohio has acquired 124,267 shares of Invesco Ltd. valued at approximately $1,885,000, indicating growing institutional interest in the asset manager.
• Invesco reported $0.36 EPS for the latest quarter, missing estimates of $0.41, while revenue rose to $1.10 billion, slightly above expectations.
• The company recently announced a quarterly dividend of $0.21 per share, presenting a dividend yield of 3.8%, with a payout ratio of 90.32%.

Strs Ohio purchased a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 124,267 shares of the asset manager's stock, valued at approximately $1,885,000.

Other large investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in Invesco during the first quarter worth $98,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager's stock valued at $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager's stock worth $574,000 after buying an additional 10,859 shares in the last quarter. MBB Public Markets I LLC bought a new stake in Invesco during the 1st quarter worth $307,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Invesco during the first quarter valued at about $532,000. Institutional investors and hedge funds own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IVZ. Royal Bank Of Canada restated a "sector perform" rating and issued a $16.00 target price (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $17.50 to $25.00 in a research report on Monday, July 21st. Evercore ISI restated a "positive" rating on shares of Invesco in a research note on Friday, September 5th. Barclays lifted their price objective on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $14.50 to $18.00 in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.38.

Invesco Stock Down 0.8%

NYSE IVZ traded down $0.18 during trading on Friday, reaching $22.47. 10,276,484 shares of the company's stock were exchanged, compared to its average volume of 3,485,238. The company has a 50 day moving average price of $21.14 and a two-hundred day moving average price of $16.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 1.30. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $22.78. The stock has a market cap of $10.02 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. On average, equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.84 annualized dividend and a yield of 3.7%. Invesco's payout ratio is 90.32%.

Insider Activity at Invesco

In other news, Director Stephanie Butcher sold 103,192 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were 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. The trade was a 77.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is currently owned by corporate insiders.

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.