Public Employees Retirement System of Ohio Takes Position in Invesco Ltd. $IVZ

Public Employees Retirement System of Ohio bought a new stake in Invesco Ltd. (NYSE:IVZ) in the 2nd quarter, HoldingsChannel reports. The firm bought 111,295 shares of the asset manager’s stock, valued at approximately $2,937,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. increased its stake in Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Invesco by 28.2% during the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares in the last quarter. Blue Trust Inc. boosted its holdings in Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 1,173 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in shares of Invesco by 389.6% in the 1st quarter. CENTRAL TRUST Co now owns 1,875 shares of the asset manager’s stock valued at $46,000 after buying an additional 1,492 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IVZ. Barclays boosted their target price on shares of Invesco from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Invesco to a “hold” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. increased their price target on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Invesco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada cut shares of Invesco from an “outperform” rating to a “hold” rating and set a $39.00 target price for the company. in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.88.

Invesco Trading Up 1.3%

NYSE IVZ opened at $33.13 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $14.69 billion, a P/E ratio of -48.72, a P/E/G ratio of 0.47 and a beta of 1.63. Invesco Ltd. has a 52-week low of $20.67 and a 52-week high of $33.66. The firm has a 50-day moving average price of $30.45 and a 200 day moving average price of $27.49.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts expect that Invesco Ltd. will post 2.82 EPS for the current year.

Invesco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were paid a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.6%. Invesco’s payout ratio is -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.