Public Employees Retirement System of Ohio Has $2.50 Million Position in Invesco Ltd. (NYSE:IVZ)

Public Employees Retirement System of Ohio raised its stake in Invesco Ltd. (NYSE:IVZ) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,158 shares of the asset manager’s stock after buying an additional 2,846 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Invesco were worth $2,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVZ. Massachusetts Mutual Life Insurance Co. acquired a new position in shares of Invesco in the third quarter worth $1,428,196,000. Dimensional Fund Advisors LP grew its stake in Invesco by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager’s stock valued at $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Azora Capital LP acquired a new position in Invesco in the 3rd quarter worth about $27,289,000. Marshall Wace LLP raised its stake in shares of Invesco by 115.7% during the 2nd quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock worth $18,269,000 after purchasing an additional 654,960 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Invesco by 131.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 910,156 shares of the asset manager’s stock valued at $15,982,000 after buying an additional 516,622 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on IVZ. Deutsche Bank Aktiengesellschaft increased their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI increased their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price target on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Invesco currently has an average rating of “Hold” and an average target price of $18.63.

Invesco Trading Down 1.6 %

Shares of Invesco stock opened at $17.80 on Wednesday. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $18.94. The company’s fifty day simple moving average is $17.92 and its 200-day simple moving average is $16.80. The company has a market cap of $8.00 billion, a price-to-earnings ratio of -19.35, a PEG ratio of 1.06 and a beta of 1.43. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share (EPS) 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 analyst estimates of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. As a group, sell-side analysts expect that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.61%. 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.