Allspring Global Investments Holdings LLC Has $730,000 Stock Holdings in Invesco Ltd. (NYSE:IVZ)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 82.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,942 shares of the asset manager’s stock after selling 197,288 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Invesco were worth $730,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in Invesco by 30.7% during the 3rd quarter. Northern Trust Corp now owns 5,943,943 shares of the asset manager’s stock worth $86,306,000 after buying an additional 1,395,023 shares during the period. AQR Capital Management LLC increased its position in Invesco by 52.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after buying an additional 799,977 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in Invesco during the 4th quarter worth $9,259,000. Barclays PLC increased its position in Invesco by 36.1% during the 3rd quarter. Barclays PLC now owns 1,853,230 shares of the asset manager’s stock worth $26,907,000 after buying an additional 492,032 shares during the period. Finally, Deutsche Bank AG increased its position in Invesco by 26.4% during the 3rd quarter. Deutsche Bank AG now owns 1,922,406 shares of the asset manager’s stock worth $27,913,000 after buying an additional 402,098 shares during the period. Institutional investors own 66.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on IVZ shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $17.00 price objective (down previously from $19.00) on shares of Invesco in a research report on Wednesday. Royal Bank of Canada increased their price objective on Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. Wells Fargo & Company decreased their price target on Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets restated a “market perform” rating and issued a $17.00 price target (down previously from $18.00) on shares of Invesco in a research report on Wednesday. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Invesco has an average rating of “Hold” and an average price target of $16.79.

Invesco Stock Performance

NYSE:IVZ opened at $14.52 on Thursday. The stock’s 50-day simple moving average is $15.73 and its 200 day simple moving average is $15.44. The firm has a market capitalization of $6.52 billion, a PE ratio of -19.62, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.77. Invesco Ltd. has a twelve month low of $12.48 and a twelve month high of $18.71.

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

Invesco Increases Dividend

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

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.