Mubadala Investment Co PJSC acquired a new stake in Invesco Ltd. (NYSE:IVZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 220,445 shares of the asset manager's stock, valued at approximately $3,853,000. Invesco comprises 0.0% of Mubadala Investment Co PJSC's holdings, making the stock its 21st biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVZ. Vanguard Group Inc. raised its stake in shares of Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager's stock worth $900,127,000 after purchasing an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after purchasing an additional 274,134 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after purchasing an additional 134,726 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock worth $142,385,000 after purchasing an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Invesco by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after purchasing an additional 31,854 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company's stock.
Invesco Price Performance
Invesco stock traded up $0.12 during trading hours on Friday, hitting $15.44. The stock had a trading volume of 4,291,075 shares, compared to its average volume of 4,263,277. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.98 and a beta of 1.47. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The stock's fifty day moving average is $14.29 and its two-hundred day moving average is $16.54.
Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.
Invesco Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.44%. This is a positive change from Invesco's previous quarterly dividend of $0.21. Invesco's dividend payout ratio (DPR) is presently 67.20%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Invesco from $15.00 to $15.25 and gave the stock a "neutral" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on Invesco from $19.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Evercore ISI upped their price target on Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. Barclays upped their price objective on Invesco from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 23rd. Finally, TD Cowen lowered Invesco from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $22.00 to $13.00 in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $17.25.
Read Our Latest Analysis on Invesco
About Invesco
(
Free Report)
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.
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