New York State Teachers Retirement System Has $10.49 Million Position in Invesco Ltd. $IVZ

Key Points

• New York State Teachers Retirement System boosted its stake in Invesco by 10.7% to 399,167 shares, a holding valued at $10.49 million (about 0.09% of the company).
• Invesco reported quarterly results with $0.57 EPS, narrowly missing the $0.58 consensus and posting $1.26 billion in revenue (up 14% year-over-year), while analysts' consensus rating is an average "Hold" with a $27.29 target.
• The company raised its quarterly dividend to $0.215 per share (annualized $0.86), implying a 3.3% yield; the dividend is payable June 2 with an ex-dividend date of May 15.

New York State Teachers Retirement System grew its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399,167 shares of the asset manager's stock after purchasing an additional 38,681 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Invesco worth $10,486,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CNB Bank bought a new position in shares of Invesco in the third quarter valued at about $26,000. American National Bank & Trust bought a new position in shares of Invesco in the fourth quarter valued at about $31,000. Sentry Investment Management LLC bought a new position in shares of Invesco in the third quarter valued at about $30,000. Root Financial Partners LLC bought a new position in shares of Invesco in the third quarter valued at about $30,000. Finally, Larson Financial Group LLC raised its position in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager's stock valued at $34,000 after purchasing an additional 558 shares during the period. 66.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Invesco from $27.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Royal Bank Of Canada reissued an "outperform" rating and issued a $31.00 price objective on shares of Invesco in a research report on Tuesday, April 21st. Barclays increased their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Invesco from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, BMO Capital Markets dropped their price objective on shares of Invesco from $32.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $27.29.

Invesco Price Performance

NYSE:IVZ opened at $26.03 on Tuesday. Invesco Ltd. has a 52 week low of $14.04 and a 52 week high of $29.61. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of -17.71, a P/E/G ratio of 0.60 and a beta of 1.60. The firm's 50-day simple moving average is $24.52 and its 200 day simple moving average is $25.34. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.38.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Invesco had a positive return on equity of 10.65% and a negative net margin of 6.11%.The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.44 earnings per share. Invesco's revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts predict that Invesco Ltd. will post 2.57 earnings per share for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.215 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 15th. Invesco's payout ratio is -57.14%.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange NYSE: IVZ. With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm's product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.

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