South Dakota Investment Council Has $1.43 Million Stock Holdings in Invesco Ltd. $IVZ

South Dakota Investment Council trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ) by 29.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 58,879 shares of the asset manager’s stock after selling 25,015 shares during the quarter. South Dakota Investment Council’s holdings in Invesco were worth $1,430,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its position in shares of Invesco by 80.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the period. American National Bank & Trust bought a new stake in Invesco during the fourth quarter worth about $31,000. Larson Financial Group LLC lifted its position in Invesco by 61.5% during the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock worth $34,000 after purchasing an additional 558 shares during the period. Torren Management LLC acquired a new stake in Invesco during the fourth quarter worth about $44,000. Finally, Root Financial Partners LLC grew its stake in Invesco by 28.2% during the fourth quarter. Root Financial Partners LLC now owns 1,702 shares of the asset manager’s stock worth $45,000 after buying an additional 374 shares in the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on IVZ. Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada increased their price target on shares of Invesco from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Barclays boosted their price objective on shares of Invesco from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Evercore set a $32.00 target price on Invesco in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.88.

Invesco Stock Performance

Invesco stock opened at $29.64 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79. The stock has a market cap of $13.14 billion, a PE ratio of -43.59, a P/E/G ratio of 0.47 and a beta of 1.62. Invesco Ltd. has a 12-month low of $20.08 and a 12-month high of $31.02. The business’s 50-day moving average price is $28.22 and its two-hundred day moving average price is $26.70.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Invesco had a negative net margin of 0.93% and a positive return on equity of 12.03%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts expect that Invesco Ltd. will post 2.81 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 14th. Invesco’s dividend payout ratio is currently -126.47%.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.