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

Bull Harbor Capital LLC bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,071 shares of the asset manager’s stock, valued at approximately $633,000.

Several other hedge funds and other institutional investors have also modified their holdings of IVZ. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco in the 1st quarter valued at $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $543,000 after buying an additional 2,393 shares in the last quarter. Woodline Partners LP raised its holdings 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 worth $574,000 after buying an additional 10,859 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 acquiring an additional 12,685 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after acquiring an additional 6,341 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on IVZ. BMO Capital Markets dropped their price target on Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised Invesco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Argus restated a “hold” rating on shares of Invesco in a research report on Wednesday, April 29th. Evercore set a $32.00 price target on shares of Invesco in a research note on Friday, July 10th. Finally, TD Cowen lifted their price target 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 equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.88.

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 200 day simple moving average of $26.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.45 and a current ratio of 1.45. Invesco Ltd. has a 52-week low of $20.08 and a 52-week high of $31.02. The company has a market capitalization of $13.05 billion, a PE ratio of -43.28, a price-to-earnings-growth ratio of 0.46 and a beta of 1.62.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 earnings per share 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 company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts predict that Invesco Ltd. will post 2.8 EPS for the current year.

Invesco Announces Dividend

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

Invesco Company Profile

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.