California State Teachers Retirement System Has $13.22 Million Holdings in Invesco Ltd. (IVZ)

California State Teachers Retirement System decreased its stake in Invesco Ltd. (NYSE:IVZ) by 1.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 684,724 shares of the asset manager’s stock after selling 11,324 shares during the period. California State Teachers Retirement System’s holdings in Invesco were worth $13,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lake Point Wealth Management bought a new position in shares of Invesco in the fourth quarter worth about $106,000. Personal Resources Investment & Strategic Management Inc. bought a new position in shares of Invesco in the first quarter worth about $2,675,000. American International Group Inc. boosted its stake in shares of Invesco by 4.6% in the fourth quarter. American International Group Inc. now owns 181,640 shares of the asset manager’s stock worth $3,041,000 after acquiring an additional 7,959 shares during the period. Sage Capital Advisors llc boosted its stake in shares of Invesco by 17.7% in the first quarter. Sage Capital Advisors llc now owns 177,511 shares of the asset manager’s stock worth $3,428,000 after acquiring an additional 26,680 shares during the period. Finally, FMR LLC boosted its stake in shares of Invesco by 4.8% in the fourth quarter. FMR LLC now owns 4,214,932 shares of the asset manager’s stock worth $70,558,000 after acquiring an additional 191,922 shares during the period. Institutional investors and hedge funds own 76.24% of the company’s stock.

In other news, Director Ben F. Johnson III purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $21.37 per share, with a total value of $213,700.00. Following the completion of the purchase, the director now owns 54,618 shares in the company, valued at $1,167,186.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on IVZ. Zacks Investment Research lowered Invesco from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. UBS Group lowered Invesco from a “neutral” rating to a “sell” rating and set a $18.00 price objective for the company. in a research note on Monday, May 13th. William Blair reaffirmed a “market perform” rating on shares of Invesco in a research note on Thursday, April 25th. Deutsche Bank upped their price objective on Invesco from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, Edward Jones lowered Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Invesco has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of Invesco stock opened at $20.70 on Wednesday. Invesco Ltd. has a 12 month low of $15.38 and a 12 month high of $28.53. The company has a market cap of $7.83 billion, a P/E ratio of 8.52, a PEG ratio of 0.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.52 and a quick ratio of 1.52.

Invesco (NYSE:IVZ) last announced its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Invesco had a return on equity of 10.48% and a net margin of 15.59%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $884.93 million. During the same period in the prior year, the company earned $0.67 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. Research analysts predict that Invesco Ltd. will post 2.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 10th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a positive change from Invesco’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 5.99%. Invesco’s dividend payout ratio is presently 51.03%.

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Invesco Company 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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