Invesco Ltd. (NYSE:IVZ) Stock Holdings Lowered by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 7.4% in the 4th quarter, Holdings Channel reports. The fund owned 34,252 shares of the asset manager’s stock after selling 2,740 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Invesco were worth $611,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Northern Trust Corp grew its position in shares of Invesco by 30.7% during the third quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after acquiring an additional 1,395,023 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Invesco by 52.1% during the third quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after acquiring an additional 799,977 shares during the last quarter. Deutsche Bank AG grew its position in shares of Invesco by 26.4% during the third quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after acquiring an additional 402,098 shares during the last quarter. Barclays PLC grew its position in shares of Invesco by 36.1% during the third quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock worth $26,907,000 after acquiring an additional 492,032 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Invesco by 0.9% during the third quarter. UBS Group AG now owns 1,685,054 shares of the asset manager’s stock worth $24,467,000 after acquiring an additional 14,242 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Invesco Price Performance

Shares of NYSE IVZ opened at $14.59 on Wednesday. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of -19.72, a PEG ratio of 1.03 and a beta of 1.44. The firm has a 50-day moving average of $15.75 and a two-hundred day moving average of $15.45.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, analysts expect that Invesco Ltd. will post 1.75 earnings per share for the current fiscal year.

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Monday, May 13th. This is an increase from Invesco’s previous quarterly dividend of $0.20. Invesco’s payout ratio is presently -108.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on IVZ shares. TheStreet downgraded shares of Invesco from a “b-” rating to a “c” rating in a report on Friday, February 23rd. Morgan Stanley upped their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. TD Cowen started coverage on shares of Invesco in a report on Thursday, January 4th. They issued an “outperform” rating and a $21.00 price objective for the company. UBS Group reduced their price objective on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Invesco from $21.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.46.

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.