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

New York State Teachers Retirement System boosted its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,269 shares of the asset manager's stock after purchasing an additional 31,643 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Invesco worth $6,148,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IVZ. Colonial Trust Co SC acquired a new position in shares of Invesco in the 4th quarter worth approximately $38,000. Aster Capital Management DIFC Ltd increased its holdings in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,531 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Invesco in the fourth quarter valued at approximately $52,000. Versant Capital Management Inc increased its holdings in shares of Invesco by 264.1% in the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after acquiring an additional 2,234 shares in the last quarter. Finally, Curat Global LLC bought a new stake in Invesco in the 1st quarter valued at $49,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE IVZ traded up $0.09 on Monday, hitting $16.82. 811,641 shares of the stock traded hands, compared to its average volume of 4,431,591. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.95 and a beta of 1.48. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The business's fifty day moving average is $14.90 and its two-hundred day moving average is $15.80.

Invesco (NYSE:IVZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share 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 analyst estimates of $1.11 billion. Invesco had a net margin of 13.14% and a return on equity of 8.94%. During the same quarter last year, the business earned $0.33 earnings per share. As a group, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were issued a $0.21 dividend. This is a positive change from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Wednesday, May 14th. Invesco's dividend payout ratio (DPR) is presently 67.20%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Invesco from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and decreased their price target for the company from $22.00 to $13.00 in a research note on Wednesday, April 9th. Evercore ISI raised their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.48.

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.