Invesco Ltd. (NYSE:IVZ) Stock Position Increased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,441 shares of the asset manager's stock after purchasing an additional 63,664 shares during the quarter. Franklin Resources Inc.'s holdings in Invesco were worth $3,346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. D.A. Davidson & CO. raised its position in shares of Invesco by 1.5% in the 4th quarter. D.A. Davidson & CO. now owns 46,707 shares of the asset manager's stock worth $816,000 after buying an additional 677 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Invesco by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after purchasing an additional 710 shares during the period. Arizona State Retirement System increased its position in Invesco by 0.8% during the 4th quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after purchasing an additional 812 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Invesco by 1.6% in the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager's stock valued at $1,346,000 after buying an additional 1,200 shares during the period. Finally, Blue Trust Inc. lifted its position in Invesco by 18.0% during the fourth quarter. Blue Trust Inc. now owns 8,004 shares of the asset manager's stock valued at $141,000 after buying an additional 1,221 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

Shares of IVZ stock traded up $0.21 on Thursday, hitting $12.85. 914,834 shares of the stock traded hands, compared to its average volume of 4,254,695. The company's fifty day moving average is $15.65 and its 200 day moving average is $17.06. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The company has a market capitalization of $5.75 billion, a PE ratio of 10.91, a PEG ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, equities research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 14th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 6.38%. Invesco's dividend payout ratio is currently 69.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IVZ shares. TD Cowen lowered shares of Invesco from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. BMO Capital Markets boosted their price objective on Invesco from $19.00 to $21.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on Invesco from $18.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Bank of America reduced their price target on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Citigroup reduced their target price on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Invesco presently has an average rating of "Hold" and an average price target of $17.30.

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.