Invesco Ltd. (NYSE:IVZ) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Invesco Ltd. (NYSE:IVZ) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,564 shares of the asset manager’s stock after selling 2,397 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invesco were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock worth $27,000 after acquiring an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Invesco during the 3rd quarter worth $35,000. Crews Bank & Trust acquired a new stake in Invesco during the 4th quarter worth $44,000. Assetmark Inc. grew its position in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager’s stock worth $61,000 after purchasing an additional 2,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Invesco by 133.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 2,136 shares during the period. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

IVZ has been the subject of several recent research reports. UBS Group increased their target price on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. BMO Capital Markets boosted their target price on Invesco from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group increased their price target on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Argus boosted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Invesco currently has a consensus rating of “Hold” and an average target price of $19.94.

Invesco Stock Performance

Shares of IVZ opened at $15.96 on Wednesday. The company has a market capitalization of $7.14 billion, a PE ratio of 13.53, a P/E/G ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The company has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $17.44. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were paid a $0.205 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 5.14%. Invesco’s payout ratio is 69.49%.

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.