First Trust Advisors LP Has $1.04 Million Stock Holdings in Invesco Ltd. (NYSE:IVZ)

First Trust Advisors LP trimmed its position in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,648 shares of the asset manager's stock after selling 22,761 shares during the quarter. First Trust Advisors LP's holdings in Invesco were worth $1,043,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IVZ. D.A. Davidson & CO. raised its stake in shares of Invesco by 1.5% during 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 in the last quarter. Avantax Advisory Services Inc. raised its position in Invesco by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,133 shares of the asset manager's stock worth $195,000 after acquiring an additional 710 shares in the last quarter. Arizona State Retirement System raised its position in Invesco by 0.8% in the fourth quarter. Arizona State Retirement System now owns 97,956 shares of the asset manager's stock worth $1,712,000 after acquiring an additional 812 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Invesco by 0.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 153,250 shares of the asset manager's stock valued at $2,677,000 after acquiring an additional 835 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Invesco by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 160,661 shares of the asset manager's stock worth $2,808,000 after purchasing an additional 1,010 shares in the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Stock Performance

IVZ traded up $0.07 during trading on Friday, reaching $14.82. 4,056,047 shares of the company were exchanged, compared to its average volume of 4,302,881. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The stock has a market cap of $6.63 billion, a P/E ratio of 12.56, a PEG ratio of 0.98 and a beta of 1.47. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $14.31 and a 200 day moving average of $16.60.

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

Invesco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Invesco's previous quarterly dividend of $0.21. This represents a $0.84 annualized dividend and a dividend yield of 5.67%. Invesco's dividend payout ratio (DPR) is 67.20%.

Wall Street Analyst Weigh In

IVZ has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research note on Wednesday, April 23rd. Morgan Stanley lowered their price target on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Barclays lifted their price objective on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Evercore ISI upped their target price on Invesco from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. One research 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. According to MarketBeat.com, Invesco presently has a consensus rating of "Hold" and a consensus target price of $17.25.

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.