22,600 Shares in Invesco Ltd. $IVZ Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,600 shares of the asset manager’s stock, valued at approximately $549,000.

Several other large investors have also recently made changes to their positions in IVZ. American National Bank & Trust purchased a new stake in shares of Invesco in the 4th quarter valued at $31,000. Larson Financial Group LLC lifted its stake in Invesco by 61.5% in 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 during the last quarter. Torren Management LLC purchased a new stake in Invesco during the fourth quarter valued at about $44,000. Root Financial Partners LLC boosted its position in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock valued at $45,000 after buying an additional 374 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Invesco by 171.0% during the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock valued at $45,000 after buying an additional 1,173 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IVZ shares. Barclays boosted their target price on Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price objective on Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of Invesco in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus price target of $27.86.

Invesco Stock Down 1.6%

Shares of NYSE IVZ opened at $27.40 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. Invesco Ltd. has a 12 month low of $16.49 and a 12 month high of $29.82. The firm has a market capitalization of $12.15 billion, a PE ratio of -18.64, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. The firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $26.44.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities analysts expect that Invesco Ltd. will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is presently -58.50%.

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.