22,600 Shares in Invesco Ltd. $IVZ Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Invesco Ltd. (NYSE:IVZ) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 22,600 shares of the asset manager’s stock, valued at approximately $549,000.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Argus restated a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Invesco in a research note on Thursday, July 2nd. The Goldman Sachs Group boosted their target price on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Evercore set a $31.00 target price on Invesco in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.86.

Invesco Trading Down 1.6%

NYSE:IVZ opened at $27.40 on Wednesday. The company has a market cap of $12.15 billion, a PE ratio of -18.64, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $27.37 and a two-hundred day simple moving average of $26.44. Invesco Ltd. has a 12 month low of $16.49 and a 12 month high of $29.82.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. Invesco’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. Research analysts forecast that Invesco Ltd. will post 2.59 earnings per share for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were issued a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. Invesco’s dividend payout ratio is currently -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.