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

A number of other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in shares of Invesco by 35.4% in the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager's stock worth $165,262,000 after acquiring an additional 2,882,928 shares during the last quarter. Northern Trust Corp grew its stake 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 worth $107,455,000 after acquiring an additional 721,947 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $106,598,000 after acquiring an additional 3,507,150 shares during the last quarter. Alliancebernstein L.P. grew its stake 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 worth $105,968,000 after acquiring an additional 605,161 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $67,551,000 after acquiring an additional 29,613 shares during the last quarter. 66.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Invesco news, Director Stephanie Butcher sold 103,192 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the transaction, the director owned 29,855 shares of the company's stock, valued at approximately $660,392.60. This represents a 77.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.21% of the company's stock.

Invesco Stock Performance

IVZ stock traded down $0.45 during trading on Tuesday, reaching $21.90. The stock had a trading volume of 1,117,936 shares, compared to its average volume of 5,431,913. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $22.78. The stock's 50 day moving average is $20.73 and its two-hundred day moving average is $16.81. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The firm has a market cap of $9.76 billion, a PE ratio of 23.58, a PEG ratio of 1.25 and a beta of 1.58.

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

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, August 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. Invesco's dividend payout ratio is currently 90.32%.

Analyst Ratings Changes

Several equities research analysts recently commented on IVZ shares. Morgan Stanley increased 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. Barclays increased 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. Zacks Research raised Invesco to a "hold" rating in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $16.00 price objective (up from $14.00) on shares of Invesco in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Invesco presently has a consensus rating of "Hold" and a consensus target price of $19.38.

Invesco 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.