Stifel Financial Corp Lowers Holdings in Invesco Ltd. (NYSE:IVZ)

Stifel Financial Corp trimmed its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,879 shares of the asset manager's stock after selling 17,468 shares during the period. Stifel Financial Corp's holdings in Invesco were worth $3,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Invesco by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock valued at $900,127,000 after buying an additional 419,389 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock valued at $351,430,000 after acquiring an additional 274,134 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Invesco by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock valued at $181,281,000 after acquiring an additional 134,726 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after purchasing an additional 31,854 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Invesco by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,423,332 shares of the asset manager's stock worth $77,320,000 after purchasing an additional 111,518 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Up 1.6 %

Invesco stock traded up $0.23 during midday trading on Thursday, reaching $14.56. The company's stock had a trading volume of 432,344 shares, compared to its average volume of 4,278,850. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $6.52 billion, a P/E ratio of 12.34, a PEG ratio of 0.98 and a beta of 1.47. The stock's 50-day simple moving average is $14.37 and its 200-day simple moving average is $16.64. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $19.55.

Invesco (NYSE:IVZ - Get Free Report) last released its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. Invesco had a net margin of 12.77% and a return on equity of 8.18%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business earned $0.33 EPS. On average, sell-side analysts expect that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.77%. Invesco's payout ratio is 67.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IVZ shares. Citigroup decreased their price target on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Argus lifted their price objective on shares of Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Barclays raised their target price on shares of Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 23rd. Bank of America lowered their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Wells Fargo & Company reduced their price objective on Invesco from $19.50 to $14.50 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.25.

Invesco 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.