Invesco Ltd. (NYSE:IVZ) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in Invesco Ltd. (NYSE:IVZ) by 82.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,942 shares of the asset manager’s stock after selling 197,288 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Invesco were worth $730,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IVZ. SG Americas Securities LLC increased its holdings in shares of Invesco by 97.8% in the 3rd quarter. SG Americas Securities LLC now owns 197,182 shares of the asset manager’s stock worth $2,863,000 after acquiring an additional 97,487 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco in the 3rd quarter worth about $255,000. Czech National Bank increased its holdings in shares of Invesco by 44.6% in the 3rd quarter. Czech National Bank now owns 78,409 shares of the asset manager’s stock worth $1,138,000 after acquiring an additional 24,171 shares during the period. Bremer Bank National Association increased its stake in Invesco by 13.1% during the 3rd quarter. Bremer Bank National Association now owns 108,791 shares of the asset manager’s stock valued at $1,580,000 after buying an additional 12,585 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Invesco by 7.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 191,893 shares of the asset manager’s stock valued at $2,786,000 after buying an additional 13,076 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Stock Performance

Shares of IVZ opened at $14.52 on Thursday. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.71. The company has a 50-day moving average of $15.73 and a two-hundred day moving average of $15.44. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of -19.62, a PEG ratio of 1.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.01 and a quick ratio of 5.01.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). Invesco had a positive return on equity of 7.93% and a negative net margin of 1.70%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Invesco Ltd. will post 1.75 earnings per share for the current year.

Invesco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.205 per share. This is a boost from Invesco’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Monday, May 13th. Invesco’s dividend payout ratio (DPR) is currently -108.11%.

Analysts Set New Price Targets

Several research firms have commented on IVZ. BMO Capital Markets reissued a “market perform” rating and set a $17.00 target price (down previously from $18.00) on shares of Invesco in a research note on Wednesday. TD Cowen lowered their target price on shares of Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating on the stock in a research note on Wednesday. TheStreet cut shares of Invesco from a “b-” rating to a “c” rating in a research note on Friday, February 23rd. Finally, StockNews.com raised shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.79.

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.