New York State Teachers Retirement System Purchases 31,643 Shares of Invesco Ltd. (NYSE:IVZ)

New York State Teachers Retirement System grew its holdings in Invesco Ltd. (NYSE:IVZ - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,269 shares of the asset manager's stock after acquiring an additional 31,643 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Invesco worth $6,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after acquiring an additional 419,389 shares during the period. Dimensional Fund Advisors LP increased its position in Invesco by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock valued at $351,430,000 after acquiring an additional 274,134 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after acquiring an additional 134,726 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after buying an additional 2,264,551 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after acquiring an additional 31,854 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IVZ. Wells Fargo & Company dropped their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price objective on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. dropped their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Evercore ISI increased their price objective on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on shares of Invesco from $14.00 to $15.00 and gave the company an "equal weight" rating in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.48.

Invesco Stock Performance

NYSE IVZ traded down $0.01 during trading on Monday, reaching $16.72. 5,934,776 shares of the company's stock were exchanged, compared to its average volume of 4,451,647. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $19.55. The stock has a market capitalization of $7.48 billion, a P/E ratio of 13.38, a PEG ratio of 1.95 and a beta of 1.48. The business has a 50 day moving average price of $14.90 and a 200-day moving average price of $15.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.37 and a quick ratio of 1.37.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. Invesco had a net margin of 13.14% and a return on equity of 8.94%. During the same period in the previous year, the business posted $0.33 earnings per share. Sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were given a $0.21 dividend. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.02%. Invesco's dividend payout ratio is presently 67.20%.

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.