California Public Employees Retirement System lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 910,569 shares of the asset manager’s stock after acquiring an additional 58,464 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Invesco worth $10,390,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. lifted its holdings in Invesco by 0.8% during the 3rd quarter. Horan Capital Advisors LLC. now owns 94,938 shares of the asset manager’s stock worth $1,083,000 after purchasing an additional 722 shares during the last quarter. Arizona State Retirement System lifted its holdings in Invesco by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 89,870 shares of the asset manager’s stock worth $967,000 after purchasing an additional 1,084 shares during the last quarter. Berman Capital Advisors LLC lifted its holdings in Invesco by 29.2% during the 3rd quarter. Berman Capital Advisors LLC now owns 5,069 shares of the asset manager’s stock worth $57,000 after purchasing an additional 1,147 shares during the last quarter. TCF National Bank lifted its holdings in Invesco by 6.2% during the 2nd quarter. TCF National Bank now owns 22,775 shares of the asset manager’s stock worth $466,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in Invesco by 0.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 270,259 shares of the asset manager’s stock worth $3,084,000 after purchasing an additional 1,458 shares during the last quarter. 62.86% of the stock is owned by institutional investors and hedge funds.

In other news, Director Sarah Beshar acquired 9,500 shares of Invesco stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of $10.54 per share, for a total transaction of $100,130.00. Following the transaction, the director now directly owns 47,021 shares of the company’s stock, valued at approximately $495,601.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin L. Flanagan purchased 290,300 shares of Invesco stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $10.19 per share, for a total transaction of $2,958,157.00. Following the transaction, the chief executive officer now directly owns 510,261 shares in the company, valued at approximately $5,199,559.59. The disclosure for this purchase can be found here. Insiders own 1.89% of the company’s stock.

Several analysts recently weighed in on the company. Morgan Stanley lifted their price target on Invesco from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Invesco from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 11th. ValuEngine cut Invesco from a “sell” rating to a “strong sell” rating in a report on Monday, November 2nd. Zacks Investment Research raised Invesco from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Wednesday, October 28th. Finally, Barclays cut Invesco from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective for the company. in a report on Thursday, August 13th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.88.

Shares of IVZ opened at $15.72 on Friday. Invesco Ltd. has a 52-week low of $6.38 and a 52-week high of $19.01. The business’s fifty day moving average is $13.85 and its 200-day moving average is $10.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.34 and a beta of 1.25.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 9.62% and a net margin of 9.78%. Invesco’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, research analysts forecast that Invesco Ltd. will post 1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.62 dividend on an annualized basis and a yield of 3.94%. Invesco’s dividend payout ratio is currently 24.31%.

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.

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Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

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