Principal Financial Group Inc. Has $21.14 Million Stock Position in Invesco Ltd. $IVZ

Principal Financial Group Inc. cut its position in Invesco Ltd. (NYSE:IVZ) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 921,304 shares of the asset manager’s stock after selling 547,522 shares during the period. Principal Financial Group Inc.’s holdings in Invesco were worth $21,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVZ. Integrated Wealth Concepts LLC bought a new position in Invesco in the first quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Invesco by 7.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after purchasing an additional 2,393 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Invesco by 40.2% in the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Invesco by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock valued at $15,878,000 after purchasing an additional 12,685 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in Invesco by 46.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 96,300 shares of the asset manager’s stock valued at $1,519,000 after purchasing an additional 30,400 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

Shares of NYSE IVZ opened at $26.85 on Friday. The company has a market capitalization of $11.95 billion, a PE ratio of -16.78, a PEG ratio of 0.48 and a beta of 1.69. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $27.18 and its 200-day moving average price is $24.16. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $29.61.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Invesco had a positive return on equity of 9.69% and a negative net margin of 6.92%.Invesco’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Friday, February 13th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, February 13th. This represents a $0.84 annualized dividend and a yield of 3.1%. Invesco’s dividend payout ratio is presently -52.50%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVZ. The Goldman Sachs Group raised their price objective on shares of Invesco from $28.75 to $29.50 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Invesco from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $31.00 in a research report on Wednesday, December 17th. Morgan Stanley set a $29.00 price objective on Invesco in a report on Monday, January 26th. Barclays dropped their target price on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. Finally, BMO Capital Markets upped their price target on Invesco from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.43.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.