Stock Yards Bank & Trust Co. Has $430,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Stock Yards Bank & Trust Co. lowered its position in shares of Invesco Ltd. (NYSE:IVZ) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,757 shares of the asset manager’s stock after selling 3,925 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Invesco were worth $430,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in Invesco by 53.3% in the 4th quarter. Teacher Retirement System of Texas now owns 40,768 shares of the asset manager’s stock valued at $727,000 after buying an additional 14,183 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Invesco by 7.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 46,304 shares of the asset manager’s stock valued at $826,000 after acquiring an additional 3,141 shares in the last quarter. Norges Bank acquired a new stake in shares of Invesco in the fourth quarter valued at about $59,713,000. Dynamic Technology Lab Private Ltd bought a new stake in Invesco during the fourth quarter worth about $193,000. Finally, PNC Financial Services Group Inc. boosted its position in Invesco by 10.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 75,860 shares of the asset manager’s stock valued at $1,353,000 after purchasing an additional 6,994 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IVZ has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Barclays assumed coverage on shares of Invesco in a report on Tuesday, August 27th. They set an “equal weight” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Invesco from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Wells Fargo & Company initiated coverage on shares of Invesco in a research note on Thursday, September 12th. They set an “underweight” rating and a $16.00 price objective on the stock. Finally, Evercore ISI upped their target price on shares of Invesco from $17.00 to $18.00 and gave the company an “in-line” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.98.

Invesco Stock Up 2.2 %

Invesco stock opened at $16.61 on Wednesday. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.28. The stock has a market cap of $7.47 billion, a P/E ratio of -22.15, a P/E/G ratio of 1.09 and a beta of 1.44. The company’s 50-day moving average price is $16.41 and its two-hundred day moving average price is $15.78. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.68.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts expect that Invesco Ltd. will post 1.65 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

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.