Kentucky Retirement Systems Insurance Trust Fund Increases Holdings in Invesco Ltd. (NYSE:IVZ)

Kentucky Retirement Systems Insurance Trust Fund increased its stake in Invesco Ltd. (NYSE:IVZ) by 17.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,698 shares of the asset manager’s stock after buying an additional 2,375 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Invesco were worth $274,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in shares of Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco in the third quarter valued at $35,000. Allworth Financial LP grew its position in shares of Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of Invesco in the fourth quarter valued at $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco in the third quarter valued at $76,000. 66.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IVZ. Argus lifted their price objective on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. UBS Group lifted their price objective on Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.94.

Invesco Trading Down 1.6 %

NYSE IVZ opened at $18.22 on Thursday. Invesco Ltd. has a 1-year low of $14.16 and a 1-year high of $19.55. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $17.85 and a 200-day moving average of $17.49. The firm has a market cap of $8.19 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. As a group, sell-side analysts forecast that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.50%. Invesco’s dividend payout ratio is presently 69.49%.

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.