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 lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 9.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Invesco by 27.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,982 shares of the asset manager’s stock valued at $194,000 after purchasing an additional 2,815 shares during the period. Raymond James & Associates lifted its holdings in Invesco by 34.8% in the second quarter. Raymond James & Associates now owns 89,610 shares of the asset manager’s stock valued at $1,341,000 after buying an additional 23,120 shares during the period. Fifth Third Bancorp boosted its stake in Invesco by 6.1% in the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 963 shares during the last quarter. Family Firm Inc. acquired a new stake in Invesco during the 2nd quarter worth $28,000. Finally, Bank of New York Mellon Corp raised its position in shares of Invesco by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,489,388 shares of the asset manager’s stock valued at $37,241,000 after acquiring an additional 30,016 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Trading Down 5.3 %

NYSE:IVZ opened at $16.86 on Thursday. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco Ltd. has a twelve month low of $14.16 and a twelve month high of $18.94. The company has a market cap of $7.58 billion, a P/E ratio of -18.33, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The business has a 50 day moving average price of $17.90 and a two-hundred day moving average price of $16.80.

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

Invesco Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Wells Fargo & Company raised their target price on Invesco from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Invesco from $17.50 to $19.50 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Barclays increased their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.63.

Invesco 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.