South Dakota Investment Council Has $1.43 Million Stake in Invesco Ltd. $IVZ

South Dakota Investment Council lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 29.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,879 shares of the asset manager’s stock after selling 25,015 shares during the period. South Dakota Investment Council’s holdings in Invesco were worth $1,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Invesco by 33.9% in the first quarter. EverSource Wealth Advisors LLC now owns 19,269 shares of the asset manager’s stock valued at $468,000 after purchasing an additional 4,880 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Invesco by 23.4% during the first quarter. California State Teachers Retirement System now owns 417,476 shares of the asset manager’s stock worth $10,140,000 after purchasing an additional 79,273 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Invesco by 24.1% in the first quarter. Quantinno Capital Management LP now owns 1,574,728 shares of the asset manager’s stock valued at $38,250,000 after buying an additional 306,213 shares during the period. Lazard Asset Management LLC increased its stake in shares of Invesco by 46.7% in the first quarter. Lazard Asset Management LLC now owns 116,515 shares of the asset manager’s stock valued at $2,830,000 after buying an additional 37,066 shares during the period. Finally, Waverly Advisors LLC raised its holdings in Invesco by 3.8% in the 1st quarter. Waverly Advisors LLC now owns 17,335 shares of the asset manager’s stock valued at $421,000 after buying an additional 634 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on IVZ. Morgan Stanley lifted their target price on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Barclays upped their price target on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. BMO Capital Markets dropped their price target on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group raised shares of Invesco to a “hold” rating in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $29.88.

Invesco Price Performance

Invesco stock opened at $29.64 on Friday. The stock’s 50 day moving average is $28.22 and its 200 day moving average is $26.70. Invesco Ltd. has a one year low of $20.08 and a one year high of $31.02. The firm has a market cap of $13.14 billion, a P/E ratio of -43.59, a P/E/G ratio of 0.47 and a beta of 1.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.45 and a quick ratio of 1.45.

Invesco (NYSE:IVZ) last released its earnings results 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. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.03%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. As a group, research analysts expect that Invesco Ltd. will post 2.81 EPS for the current year.

Invesco Announces Dividend

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