Teachers Retirement System of The State of Kentucky Acquires 925,300 Shares of Invesco Ltd. $IVZ

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 2,633.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 960,441 shares of the asset manager’s stock after buying an additional 925,300 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Invesco were worth $23,330,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Invesco in the first quarter worth about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP boosted its holdings in Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Invesco by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after acquiring an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. grew its position in Invesco by 6.6% during the 2nd quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 6,341 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Argus reaffirmed a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. BMO Capital Markets dropped their price objective on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. 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. The Goldman Sachs Group lifted their target price on shares of Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Invesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.69.

Invesco Stock Performance

NYSE:IVZ opened at $28.98 on Monday. The stock has a market cap of $12.85 billion, a P/E ratio of -19.72, a price-to-earnings-growth ratio of 0.53 and a beta of 1.62. The firm’s fifty day simple moving average is $27.52 and its 200 day simple moving average is $26.46. Invesco Ltd. has a twelve month low of $16.49 and a twelve month high of $29.82. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.57 earnings per share (EPS) 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 analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts predict that Invesco Ltd. will post 2.65 EPS for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.215 per share. This is an increase from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. Invesco’s dividend payout ratio is presently -58.50%.

About Invesco

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.