New York State Teachers Retirement System Has $6.53 Million Holdings in Invesco Ltd. (NYSE:IVZ)

New York State Teachers Retirement System decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 373,626 shares of the asset manager's stock after selling 44,757 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Invesco worth $6,531,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Harmony Asset Management LLC increased its stake in shares of Invesco by 1.0% during the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager's stock worth $1,078,000 after purchasing an additional 600 shares during the last quarter. Centennial Wealth Advisory LLC increased its stake in shares of Invesco by 4.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager's stock worth $335,000 after purchasing an additional 816 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager's stock worth $1,378,000 after purchasing an additional 1,020 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Invesco by 9.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager's stock worth $248,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Invesco by 18.0% during the 4th quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock worth $141,000 after purchasing an additional 1,221 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company's stock.

Analysts Set New Price Targets

IVZ has been the topic of several analyst reports. Royal Bank of Canada initiated coverage on shares of Invesco in a research note on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 target price (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Barclays raised their target price on shares of Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Morgan Stanley raised their target price on shares of Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, Evercore ISI raised their target price on shares of Invesco from $19.00 to $20.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.94.

Invesco Price Performance

Shares of NYSE:IVZ traded down $0.36 during midday trading on Friday, reaching $17.50. 3,270,279 shares of the company's stock were exchanged, compared to its average volume of 4,645,584. The company's 50 day simple moving average is $17.83 and its two-hundred day simple moving average is $17.51. The firm has a market capitalization of $7.86 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 12 month low of $14.16 and a 12 month high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts expect that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.69%. The ex-dividend date is Friday, February 14th. Invesco's dividend payout ratio is currently 69.49%.

Invesco 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.