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The State of New Jersey Common Pension Fund D reduces its holdings in Invesco Ltd. (NYSE:IVZ)

The State of New Jersey Common Pension Fund D reduces its holdings in Invesco Ltd. (NYSE:IVZ)

In the most recent filing that the company made with the Securities and Exchange Commission, it was revealed that during the third quarter, the State of New Jersey Common Pension Fund D reduced its holdings in Invesco Ltd. (NYSE: IVZ) by 9.0%. The company’s disclosure served as the basis for the generation of this information. The company had 163,509 shares in its possession after selling 16,141 of the asset manager’s shares throughout the period. The most recent statement that the State of New Jersey Common Pension Fund D filed with the Securities and Exchange Commission revealed that the fund had a total of 2,240 shares in Invesco, which brought its investment total to $2,240,000.

There has been an increase in the number of transactions that involve institutional investors and hedge funds purchasing and selling shares of IVZ. Exchange Traded Concepts LLC purchased one additional share of Invesco during the second quarter, which resulted in a total investment of $32,000. During the second quarter of this year, Sentry Investment Management LLC made a new investment in Invesco by shelling out the full amount of $36,000. First Horizon Advisors Inc. increased its holdings of Invesco shares by 264.2% during the second quarter. First Horizon Advisors Inc. now has 2,684 shares of the asset manager’s stock, which are currently valued at $43,000. This is because the company has made an additional 1,947 share purchases throughout the most recent period. During the second quarter of this year, Riverview Trust Co. acquired a new position in Invesco by paying a total of $48,000.

Last but not least, during the second quarter, Quadrant Capital Group LLC increased the proportion of its total assets invested in Invesco by 99.7%. During the month, Quadrant Capital Group LLC bought an additional 1,642 shares of the asset manager’s stock. This brought their total company stock holdings to 3,289 shares, which have a value of $53,000. Institutional investors and hedge funds collectively hold 69.42% of the total number of shares in the company.

When the market opened on Wednesday, the price of an individual share of IVZ stock was $19.15. During the last year, Invesco Ltd. experienced a new all-time low of $13.20 and a new all-time high of $24.75. The stock has had a moving average price of $17.18 for the last 200 trading days, while the moving average price for the last 50 trading days is $18.79. The company has a P/E ratio currently sitting at 9.58, a PEG ratio currently sitting at 1.98, and a beta currently sitting at 1.35. The market capitalization of the company is currently sitting at $8.71 billion at this time. There is no difference between the debt-to-equity ratio, the current ratio, and the quick ratio; all three measure 4.43. The ratio of debt to equity is currently at 0.70.

Invesco (NYSE: IVZ) issued a press release on October 25 announcing its most recent quarterly earnings report. The release was published online. The earnings per share that the asset manager reported for the quarter were $0.34, which was $0.09 less than what industry analysts had anticipated seeing, which was $0.43. The company announced that it had sales of $1.45 billion for the quarter, which is significantly higher than the average prediction of $1.11 billion sales for the quarter. Invesco achieved a return on equity of 10.39%, while the net margin for the company was 18.21%. When compared to the same quarter in the previous year, Invesco’s total revenue for the quarter was lower by 17.4%. This was because the quarter ended on a different date. The company reported earnings per share of $0.77 for the same period in the previous year’s financial statements. According to the forecasts provided by research analysts, Invesco Ltd.’s current financial year is anticipated to result in $1.66 per share earnings.

In addition, the company disclosed that it would be paying a quarterly dividend, which was paid out on the previous Friday, December 2. On Friday, November 11, shareholders who were already on record received their dividend payment of $0.188. The dividend payment was made. This translates to a yield of 3.93% and a dividend payment of $0.75 for every year. November 9 saw the distribution of a dividend to the company’s shareholders. The current dividend payout ratio for Invesco stands at 37.50 percent at present.

Several different research companies have shared their opinions regarding IVZ. UBS Group decreased their recommendation for Invesco from a “buy” rating to a “neutral” one in a research report published on Tuesday, January 10. At the same time, however, they raised their target price for the stock from $19.00 to $20.00. JPMorgan Chase & Co. lowered their price objective on Invesco from $20.00 to $17.50 and gave the stock a “neutral” rating in a research report made public on Tuesday, October 18. You can locate the article by clicking here. Goldman Sachs Group rated the stock as “neutral” in a report released on Friday, January 13. It raised their price objective on Invesco from $18.50 to $18.70,” in a research report published on Tuesday, January 10. At the same time, however, they raised their target price for the stock from $19.00 to $20.00. JPMorgan Chase & Co. lowered their price objective on Invesco from $20.00 to $17.50 and gave the stock a “neutral” rating in a research report made public on Tuesday, October 18. You can locate the article by clicking here. Goldman Sachs Group rated the stock as “neutral” in a report released on Friday, January 13, and raised their price objective on Invesco from $18.50 to $18.70. The report was published in conjunction with the company’s quarterly earnings release. In a research report that was published on Wednesday, October 26, Credit Suisse Group lowered Invesco’s rating from “neutral” to “

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