Invesco Ltd. $IVZ Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in Invesco Ltd. (NYSE:IVZ) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,407 shares of the asset manager’s stock after selling 611 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Invesco were worth $330,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. D.A. Davidson & CO. increased its stake in Invesco by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 47,462 shares of the asset manager’s stock valued at $720,000 after buying an additional 755 shares during the period. IFP Advisors Inc boosted its position in shares of Invesco by 55.7% during the 2nd quarter. IFP Advisors Inc now owns 2,127 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 761 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Invesco by 6.8% during the 1st quarter. EP Wealth Advisors LLC now owns 12,477 shares of the asset manager’s stock valued at $189,000 after purchasing an additional 792 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Invesco by 17.1% during the 1st quarter. Brooklyn Investment Group now owns 5,465 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 800 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Invesco by 45.8% during the 2nd quarter. UMB Bank n.a. now owns 2,623 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 824 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Insider Transactions at Invesco

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total transaction of $2,282,607.04. Following the completion of the sale, the director directly owned 29,855 shares of the company’s stock, valued at approximately $660,392.60. The trade was a 77.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.21% of the stock is currently owned by company insiders.

Invesco Trading Up 1.3%

Shares of Invesco stock opened at $22.97 on Friday. The firm has a market capitalization of $10.24 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 0.82 and a beta of 1.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.30. The company’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $18.40. Invesco Ltd. has a 52-week low of $11.60 and a 52-week high of $24.54.

Analyst Upgrades and Downgrades

Several research analysts have commented on IVZ shares. Bank of America raised their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Invesco in a report on Friday. Cowen reiterated a “buy” rating on shares of Invesco in a report on Thursday, September 18th. TD Cowen upgraded shares of Invesco from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.50 to $25.00 in a report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 target price (up from $14.00) on shares of Invesco in a report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus target price of $21.85.

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.