Public Employees Retirement System of Ohio Makes New $2.94 Million Investment in Invesco Ltd. $IVZ

Public Employees Retirement System of Ohio acquired a new position in Invesco Ltd. (NYSE:IVZ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 111,295 shares of the asset manager’s stock, valued at approximately $2,937,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its stake in Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares during the period. Larson Financial Group LLC boosted its stake in Invesco by 61.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 558 shares during the last quarter. Root Financial Partners LLC grew its position in Invesco by 28.2% in the 4th quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after purchasing an additional 374 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Invesco during the fourth quarter valued at approximately $46,000. Finally, Blue Trust Inc. raised its stake in shares of Invesco by 171.0% in the first quarter. Blue Trust Inc. now owns 1,859 shares of the asset manager’s stock worth $45,000 after buying an additional 1,173 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Performance

NYSE IVZ opened at $33.13 on Friday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of -48.72, a PEG ratio of 0.47 and a beta of 1.63. The stock has a 50-day moving average of $30.45 and a 200 day moving average of $27.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Invesco Ltd. has a twelve month low of $20.67 and a twelve month high of $33.66.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.36 earnings per share. Invesco’s quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts anticipate that Invesco Ltd. will post 2.82 EPS for the current fiscal year.

Invesco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were given a $0.215 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.86 annualized dividend and a dividend yield of 2.6%. Invesco’s dividend payout ratio (DPR) is -126.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on Invesco from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Evercore set a $35.00 price target on Invesco in a research note on Monday, August 10th. Royal Bank Of Canada cut Invesco from an “outperform” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Thursday, August 13th. Wall Street Zen cut Invesco from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Zacks Research raised Invesco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.88.

Invesco Company 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.