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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Invesco by 180.5% during 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 period. Resona Asset Management Co. Ltd. purchased a new stake in shares of Invesco during the fourth quarter valued at approximately $52,000. Versant Capital Management Inc boosted its stake in shares of Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock valued at $47,000 after purchasing an additional 2,234 shares during the period. Finally, Curat Global LLC purchased a new stake in shares of Invesco during the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 66.09% of the company's stock.

Invesco Stock Up 1.0%

IVZ traded up $0.17 during trading on Friday, reaching $16.76. The stock had a trading volume of 2,855,160 shares, compared to its average volume of 4,445,702. The stock's 50 day moving average is $14.90 and its two-hundred day moving average is $15.81. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.95 and a beta of 1.48. Invesco Ltd. has a one year low of $11.60 and a one year high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.94% and a net margin of 13.14%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.33 earnings per share. As a group, analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current 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 dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.01%. Invesco's dividend payout ratio (DPR) is presently 67.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday. TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and dropped their price target for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Barclays raised their price target on Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 9th. Finally, Wells Fargo & Company dropped their price target on Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Invesco currently has an average rating of "Hold" and an average price target of $17.48.

Invesco Company 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.