Invesco Ltd. (NYSE:IVZ) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Invesco Ltd. (NYSE:IVZ) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,458 shares of the asset manager’s stock after selling 7,439 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Invesco were worth $2,027,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IVZ. Centennial Wealth Advisory LLC boosted its stake in shares of Invesco by 3.8% in the second quarter. Centennial Wealth Advisory LLC now owns 18,279 shares of the asset manager’s stock valued at $273,000 after purchasing an additional 669 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after buying an additional 946 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Invesco by 6.1% during the second quarter. Fifth Third Bancorp now owns 16,622 shares of the asset manager’s stock valued at $249,000 after acquiring an additional 963 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Invesco by 11.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,471 shares of the asset manager’s stock worth $155,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IVZ. Wells Fargo & Company raised their price objective on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Evercore ISI raised their price target on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.63.

Invesco Stock Down 0.4 %

NYSE:IVZ opened at $17.67 on Friday. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $17.48 and a 200-day moving average of $16.40. The firm has a market capitalization of $7.94 billion, a PE ratio of -19.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Invesco Ltd. has a 52 week low of $13.53 and a 52 week high of $18.94.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Analysts predict that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is -89.13%.

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.