Kentucky Retirement Systems Purchases Shares of 36,598 Invesco Ltd. $IVZ

Kentucky Retirement Systems purchased a new stake in Invesco Ltd. (NYSE:IVZ) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,598 shares of the asset manager’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. bought a new stake in Invesco in the 4th quarter valued at approximately $230,391,000. Price T Rowe Associates Inc. MD grew its stake in shares of Invesco by 368.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock worth $176,782,000 after acquiring an additional 5,292,867 shares in the last quarter. Norges Bank bought a new position in shares of Invesco during the 4th quarter worth approximately $102,523,000. Samlyn Capital LLC acquired a new stake in shares of Invesco in the third quarter valued at approximately $44,567,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Invesco by 58.1% in the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen lifted their price target on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Argus reissued a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Evercore set a $32.00 price objective on shares of Invesco in a research note on Friday, July 10th. Finally, Royal Bank Of Canada raised their price objective on Invesco from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.88.

Invesco Stock Performance

Shares of IVZ stock opened at $29.64 on Friday. Invesco Ltd. has a 52 week low of $20.08 and a 52 week high of $31.02. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of -43.59, a PEG ratio of 0.47 and a beta of 1.62. The company has a 50-day simple moving average of $28.22 and a 200 day simple moving average of $26.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.03%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. On average, sell-side analysts predict that Invesco Ltd. will post 2.81 earnings per share for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.9%. Invesco’s dividend payout ratio is presently -126.47%.

Invesco 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.