Stonebridge Capital Advisors LLC Has $274,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Stonebridge Capital Advisors LLC lowered its stake in shares of Invesco Ltd. (NYSE:IVZ) by 76.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,500 shares of the asset manager’s stock after selling 52,688 shares during the quarter. Stonebridge Capital Advisors LLC’s holdings in Invesco were worth $274,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IVZ. Point72 Asset Management L.P. raised its holdings in shares of Invesco by 1,411.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after purchasing an additional 3,507,900 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Invesco during the fourth quarter valued at about $61,795,000. Norges Bank acquired a new position in shares of Invesco during the fourth quarter valued at about $59,713,000. Dimensional Fund Advisors LP raised its holdings in shares of Invesco by 23.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock valued at $246,163,000 after purchasing an additional 2,592,039 shares during the period. Finally, Swiss National Bank bought a new stake in shares of Invesco during the fourth quarter worth about $11,830,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IVZ shares. StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research report on Wednesday. TD Cowen decreased their target price on shares of Invesco from $21.00 to $19.50 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Morgan Stanley boosted their target price on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $17.00 target price (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $17.00 target price (down from $18.00) on shares of Invesco in a research report on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.90.

Invesco Stock Up 1.8 %

IVZ stock traded up $0.31 during trading on Friday, reaching $17.42. The stock had a trading volume of 3,457,867 shares, compared to its average volume of 3,911,421. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.28. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $15.52 and its two-hundred day moving average is $15.72. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of -23.23, a P/E/G ratio of 1.18 and a beta of 1.47.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Invesco had a negative net margin of 1.73% and a positive return on equity of 7.64%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $0.31 EPS. The company’s revenue was down .4% compared to the same quarter last year. Equities research analysts forecast that Invesco Ltd. will post 1.64 EPS for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, August 16th. Invesco’s dividend payout ratio is currently -109.33%.

About Invesco

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.