New York State Common Retirement Fund Boosts Stake in Invesco Ltd. (NYSE:IVZ)

New York State Common Retirement Fund grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,990 shares of the asset manager's stock after buying an additional 27,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Invesco worth $3,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVZ. Raymond James Financial Inc. bought a new position in shares of Invesco in the fourth quarter valued at approximately $1,979,000. HighTower Advisors LLC raised its holdings in shares of Invesco by 49.3% in the fourth quarter. HighTower Advisors LLC now owns 21,401 shares of the asset manager's stock valued at $374,000 after buying an additional 7,062 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock valued at $195,000 after buying an additional 710 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Invesco in the fourth quarter valued at about $214,000. Finally, Quantbot Technologies LP raised its holdings in Invesco by 33.3% during the 4th quarter. Quantbot Technologies LP now owns 106,920 shares of the asset manager's stock worth $1,869,000 after purchasing an additional 26,704 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IVZ. Barclays boosted their target price on Invesco from $17.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Morgan Stanley upped their price target on Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $16.00 price objective (up previously from $14.00) on shares of Invesco in a report on Thursday, July 10th. Evercore ISI increased their price objective on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. Finally, Bank of America cut their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $18.78.

Invesco Stock Up 0.1%

Shares of NYSE:IVZ traded up $0.02 on Thursday, reaching $21.46. The company had a trading volume of 4,030,352 shares, compared to its average volume of 5,693,883. The firm has a market capitalization of $9.61 billion, a PE ratio of 23.07, a PEG ratio of 1.84 and a beta of 1.48. The firm's 50 day simple moving average is $15.73 and its 200-day simple moving average is $15.84. The company has a current ratio of 0.59, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $21.68.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Invesco had a return on equity of 7.97% and a net margin of 10.68%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company's revenue was up 2.2% on a year-over-year basis. As a group, analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, August 14th. Invesco's dividend payout ratio (DPR) is currently 67.20%.

About Invesco

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.