Bull Harbor Capital LLC Takes Position in Invesco Ltd. $IVZ

Bull Harbor Capital LLC purchased a new position in Invesco Ltd. (NYSE:IVZ – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,071 shares of the asset manager’s stock, valued at approximately $633,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Invesco during the first quarter worth about $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Invesco by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 2,393 shares during the last quarter. Woodline Partners LP boosted its position in shares of Invesco by 40.2% during the 1st quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Invesco by 1.2% during the first 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 worth $15,878,000 after purchasing an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Invesco by 6.6% during the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after purchasing an additional 6,341 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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Invesco Stock Performance

NYSE IVZ opened at $29.43 on Friday. The company has a 50-day simple moving average of $28.17 and a two-hundred day simple moving average of $26.68. Invesco Ltd. has a 12-month low of $20.08 and a 12-month high of $31.02. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of -43.28, a PEG ratio of 0.46 and a beta of 1.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.79.

Invesco (NYSE:IVZ – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Invesco had a positive return on equity of 12.03% and a negative net margin of 0.93%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Invesco Ltd. will post 2.8 EPS for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 14th. Invesco’s dividend payout ratio is -126.47%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IVZ shares. Evercore set a $32.00 target price on shares of Invesco in a research note on Friday, July 10th. Morgan Stanley boosted their price target on shares of Invesco from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their price target on shares of Invesco from $29.00 to $29.50 and gave the stock a “neutral” rating in a report on Wednesday. Argus restated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on shares of Invesco from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.88.

Read Our Latest Stock Report on Invesco

About Invesco

(Free Report)

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.

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