Teachers Retirement System of The State of Kentucky Sells 3,121 Shares of Invesco Ltd. (NYSE:IVZ)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,471 shares of the asset manager’s stock after selling 3,121 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Invesco were worth $553,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massachusetts Mutual Life Insurance Co. acquired a new stake in shares of Invesco during the 3rd quarter worth about $1,428,196,000. State Street Corp raised its holdings in Invesco by 0.7% in the 3rd quarter. State Street Corp now owns 21,060,533 shares of the asset manager’s stock valued at $369,823,000 after acquiring an additional 151,408 shares during the period. Dimensional Fund Advisors LP lifted its position in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock worth $270,540,000 after acquiring an additional 3,349,069 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Invesco by 0.9% during the third quarter. Geode Capital Management LLC now owns 10,248,480 shares of the asset manager’s stock worth $179,666,000 after acquiring an additional 93,126 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Invesco by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock valued at $79,738,000 after purchasing an additional 87,405 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IVZ has been the topic of several recent research reports. The Goldman Sachs Group increased their price objective on Invesco from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on shares of Invesco from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, UBS Group lifted their price target on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Trading Down 5.3 %

Shares of IVZ stock opened at $16.86 on Thursday. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The stock’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $16.80. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.58 billion, a P/E ratio of -18.33, a P/E/G ratio of 1.06 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, sell-side analysts predict that Invesco Ltd. will post 1.69 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.86%. The ex-dividend date was Thursday, November 14th. Invesco’s dividend payout ratio (DPR) is currently -89.13%.

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.