Public Employees Retirement System of Ohio Makes New $2.94 Million Investment in Invesco Ltd. $IVZ

Key Points

• Public Employees Retirement System of Ohio acquired 111,295 Invesco shares worth approximately $2.94 million, while institutional investors overall own 66.09% of the company.
• Invesco reported quarterly earnings of $0.71 per share, exceeding estimates by $0.04, with revenue rising 20.5% year over year to $1.33 billion.
• Invesco declared a quarterly dividend of $0.215, equivalent to an annualized $0.86 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with a $30.88 target price.

Public Employees Retirement System of Ohio acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 111,295 shares of the asset manager's stock, valued at approximately $2,937,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its stake in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager's stock worth $29,000 after acquiring an additional 537 shares during the period. Larson Financial Group LLC boosted its stake in Invesco by 61.5% during the 3rd 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 last quarter. Root Financial Partners LLC grew its position in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager's stock worth $45,000 after purchasing an additional 374 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Invesco during the fourth quarter valued at approximately $46,000. Finally, Blue Trust Inc. raised its stake in shares of Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager's stock worth $45,000 after buying an additional 1,173 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $33.13 on Friday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of -48.72, a PEG ratio of 0.47 and a beta of 1.63. The stock has a 50-day moving average of $30.45 and a 200 day moving average of $27.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a twelve month low of $20.67 and a twelve month high of $33.66.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.36 earnings per share. Invesco's quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.6%. Invesco's dividend payout ratio (DPR) is -126.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on Invesco from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Evercore set a $35.00 price target on Invesco in a research note on Monday, August 10th. Royal Bank Of Canada cut Invesco from an "outperform" rating to a "hold" rating and set a $39.00 price objective for the company. in a report on Thursday, August 13th. Wall Street Zen cut Invesco from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Finally, Zacks Research raised Invesco from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.88.

Invesco Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source