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Invesco Ltd. (NYSE:IVZ) Shares Acquired by Arizona State Retirement System

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Arizona State Retirement System lifted its holdings in shares of Invesco Ltd. (NYSE:IVZGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,285 shares of the asset manager’s stock after buying an additional 2,069 shares during the period. Arizona State Retirement System’s holdings in Invesco were worth $2,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund lifted its position in Invesco by 2.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,182,402 shares of the asset manager’s stock worth $27,219,000 after purchasing an additional 31,944 shares during the period. JPMorgan Chase & Co. lifted its position in Invesco by 36.7% in the fourth quarter. JPMorgan Chase & Co. now owns 5,099,792 shares of the asset manager’s stock worth $117,398,000 after purchasing an additional 1,367,996 shares during the period. Illinois Municipal Retirement Fund lifted its position in Invesco by 25.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 85,698 shares of the asset manager’s stock worth $1,973,000 after purchasing an additional 17,499 shares during the period. Insight Folios Inc lifted its position in Invesco by 8.2% in the first quarter. Insight Folios Inc now owns 251,021 shares of the asset manager’s stock worth $5,794,000 after purchasing an additional 19,109 shares during the period. Finally, State Street Corp lifted its position in Invesco by 1.5% in the fourth quarter. State Street Corp now owns 17,085,466 shares of the asset manager’s stock worth $393,307,000 after purchasing an additional 255,634 shares during the period. 67.53% of the stock is currently owned by institutional investors and hedge funds.

Invesco Trading Up 2.8 %

NYSE IVZ opened at $17.74 on Friday. Invesco Ltd. has a 1-year low of $15.20 and a 1-year high of $27.03. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $8.07 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.28. The firm’s fifty day simple moving average is $17.21 and its 200-day simple moving average is $19.80.

Invesco (NYSE:IVZGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.20). Invesco had a return on equity of 13.70% and a net margin of 22.72%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $0.78 earnings per share. The company’s revenue was down 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Invesco Ltd. will post 2.22 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 12th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Thursday, August 11th. Invesco’s dividend payout ratio is presently 26.32%.

Insider Buying and Selling

In other Invesco news, CAO Terry Vacheron acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the acquisition, the chief accounting officer now owns 10,696 shares of the company’s stock, valued at approximately $186,110.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Invesco news, CAO Terry Vacheron acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $17.40 per share, for a total transaction of $69,600.00. Following the completion of the acquisition, the chief accounting officer now owns 10,696 shares of the company’s stock, valued at approximately $186,110.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Mm Asset Management Holding Ll acquired 827,590 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $16.08 per share, with a total value of $13,307,647.20. Following the completion of the acquisition, the insider now directly owns 80,504,729 shares of the company’s stock, valued at approximately $1,294,516,042.32. The disclosure for this purchase can be found here. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of research analyst reports. BMO Capital Markets downgraded Invesco from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $25.00 to $20.00 in a research report on Monday, June 13th. Morgan Stanley restated a “maintains” rating and issued a $16.00 target price (down from $17.00) on shares of Invesco in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on Invesco from $21.00 to $19.00 in a research report on Wednesday, July 13th. UBS Group cut their price objective on Invesco from $27.00 to $21.00 in a research report on Monday, July 11th. Finally, Citigroup cut their target price on shares of Invesco from $26.00 to $22.50 in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Invesco has an average rating of “Hold” and a consensus target price of $20.59.

About Invesco

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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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