MBB Public Markets I LLC Purchases New Holdings in Invesco Ltd. $IVZ

Key Points

• MBB Public Markets I LLC acquired a new stake in Invesco Ltd. by purchasing 20,251 shares valued at approximately $307,000 in the 1st quarter, according to a recent SEC filing.
• Invesco reported $0.36 earnings per share for the quarter, below the consensus estimate of $0.41, but had a year-over-year revenue increase of 2.2% with revenues of $1.10 billion.
• The company disclosed a quarterly dividend of $0.21 per share, representing an annualized yield of 3.8% with a dividend payout ratio of 90.32%.

MBB Public Markets I LLC purchased a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,251 shares of the asset manager's stock, valued at approximately $307,000.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in Invesco by 35.4% during the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock valued at $165,262,000 after purchasing an additional 2,882,928 shares during the last quarter. Northern Trust Corp lifted its position in shares of Invesco by 11.3% in the first quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock valued at $107,455,000 after buying an additional 721,947 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco by 99.6% in the first quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager's stock valued at $106,598,000 after buying an additional 3,507,150 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Invesco by 9.5% in the first quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager's stock valued at $105,968,000 after buying an additional 605,161 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Invesco by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,452,945 shares of the asset manager's stock valued at $67,551,000 after buying an additional 29,613 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

NYSE:IVZ opened at $22.17 on Thursday. The stock has a market cap of $9.88 billion, a P/E ratio of 23.83, a PEG ratio of 1.24 and a beta of 1.58. The stock has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $16.71. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. Invesco Ltd. has a 1-year low of $11.60 and a 1-year high of $22.56.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Invesco had a return on equity of 8.60% and a net margin of 10.68%.The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Research analysts anticipate that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, August 14th. Invesco's dividend payout ratio (DPR) is 90.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised Invesco from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.50 to $18.00 in a research report on Friday, July 11th. TD Cowen raised Invesco from a "hold" rating to a "buy" rating and raised their price objective for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Barclays raised their price objective on Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Evercore ISI reaffirmed a "positive" rating on shares of Invesco in a research report on Friday, September 5th. Finally, Morgan Stanley raised their price objective on Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Invesco presently has a consensus rating of "Hold" and a consensus price target of $19.38.

About Invesco

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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