Invesco Ltd. (NYSE:IVZ) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in Invesco Ltd. (NYSE:IVZ) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,606 shares of the asset manager’s stock after acquiring an additional 60,394 shares during the period. Illinois Municipal Retirement Fund’s holdings in Invesco were worth $3,650,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IVZ. Orion Capital Management LLC bought a new position in Invesco in the 3rd quarter valued at about $25,000. Jones Financial Companies Lllp bought a new position in Invesco in the 3rd quarter valued at about $32,000. Sentry Investment Management LLC bought a new position in Invesco in the 3rd quarter valued at about $36,000. Pinnacle Bancorp Inc. grew its position in Invesco by 100.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,000 shares of the asset manager’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in Invesco in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $14.52 on Thursday. The business has a fifty day moving average of $15.73 and a two-hundred day moving average of $15.44. Invesco Ltd. has a 52-week low of $12.48 and a 52-week high of $18.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.01 and a quick ratio of 5.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). Invesco had a negative net margin of 1.74% and a positive return on equity of 7.11%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that Invesco Ltd. will post 1.75 EPS for the current year.

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.65%. This is a boost from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s payout ratio is currently -106.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IVZ. UBS Group decreased their target price on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. TD Cowen reduced their price objective on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.79.

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.