Kentucky Retirement Systems Insurance Trust Fund Sells 1,182 Shares of Invesco Ltd. (NYSE:IVZ)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Invesco Ltd. (NYSE:IVZ) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,834 shares of the asset manager’s stock after selling 1,182 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Invesco were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Gables Capital Management Inc. grew its stake in shares of Invesco by 74.9% in the 4th quarter. Gables Capital Management Inc. now owns 1,634 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 700 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of 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 purchasing an additional 1,000 shares during the period. Quarry LP bought a new stake in shares of Invesco in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Invesco by 182.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,462 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 1,589 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,945 shares of the asset manager’s stock valued at $53,000 after purchasing an additional 766 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Invesco from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday. TD Cowen decreased their price target on Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Morgan Stanley increased their price target on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price target on Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $16.90.

Invesco Trading Down 2.3 %

IVZ traded down $0.40 during mid-day trading on Monday, reaching $17.02. The stock had a trading volume of 1,493,005 shares, compared to its average volume of 4,438,189. The stock has a market capitalization of $7.66 billion, a P/E ratio of -22.73, a P/E/G ratio of 1.20 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 6.89 and a current ratio of 6.89. The firm’s fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $15.69. Invesco Ltd. has a 52 week low of $12.48 and a 52 week high of $18.28.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 7.64% and a negative net margin of 1.73%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. On average, equities analysts predict that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, August 16th. Invesco’s payout ratio is presently -109.33%.

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.