Harvest Fund Management Co. Ltd Takes $601,000 Position in Invesco Ltd. (NYSE:IVZ)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,363 shares of the asset manager's stock, valued at approximately $601,000.

Several other institutional investors have also recently bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in shares of Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after purchasing an additional 1,285 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Invesco during the 3rd quarter worth about $35,000. Crews Bank & Trust bought a new stake in Invesco during the 4th quarter worth about $44,000. Assetmark Inc. grew its holdings in Invesco by 381.5% during the 4th quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after acquiring an additional 2,770 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Invesco by 133.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,737 shares of the asset manager's stock worth $65,000 after acquiring an additional 2,136 shares during the last quarter. Institutional investors own 66.09% of the company's stock.

Invesco Trading Up 0.6 %

Invesco stock traded up $0.10 during midday trading on Tuesday, hitting $15.96. 5,845,075 shares of the stock were exchanged, compared to its average volume of 3,869,493. Invesco Ltd. has a 52 week low of $14.16 and a 52 week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $7.14 billion, a PE ratio of 13.53, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a fifty day simple moving average of $17.25 and a two-hundred day simple moving average of $17.44.

Remove Ads

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. Equities research analysts anticipate that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were issued a $0.205 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 5.14%. Invesco's dividend payout ratio (DPR) is currently 69.49%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IVZ. Morgan Stanley upped their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price objective on Invesco from $19.00 to $20.75 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays lifted their target price on Invesco from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. TD Cowen cut their price target on Invesco from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on Invesco in a research report on Tuesday, January 28th. They issued a "sector perform" rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.94.

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.