Mubadala Investment Co PJSC Acquires 16,055 Shares of Invesco Ltd. $IVZ

Key Points

• Mubadala Investment Co PJSC increased its holdings in Invesco Ltd. by 7.3%, now owning 236,500 shares valued at approximately $3.6 million.
• Invesco's stock recently reported a quarterly EPS of $0.36, which missed analyst expectations, despite revenue growing by 2.2% year-over-year.
• The company announced a quarterly dividend of $0.21 per share, translating to an annualized yield of 3.8%.

Mubadala Investment Co PJSC boosted its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,500 shares of the asset manager's stock after acquiring an additional 16,055 shares during the quarter. Invesco accounts for 0.0% of Mubadala Investment Co PJSC's portfolio, making the stock its 26th largest position. Mubadala Investment Co PJSC owned approximately 0.05% of Invesco worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Invesco by 11.3% in the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager's stock valued at $107,455,000 after acquiring an additional 721,947 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 29,613 shares in the last quarter. Two Sigma Advisers LP grew its position in Invesco by 14.1% in the fourth quarter. Two Sigma Advisers LP now owns 3,768,900 shares of the asset manager's stock valued at $65,880,000 after purchasing an additional 466,400 shares in the last quarter. Deutsche Bank AG grew its position in Invesco by 58.6% in the fourth quarter. Deutsche Bank AG now owns 3,334,598 shares of the asset manager's stock valued at $58,289,000 after purchasing an additional 1,232,359 shares in the last quarter. Finally, Nuveen LLC bought a new position in Invesco in the first quarter valued at $29,138,000. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

Shares of NYSE IVZ traded up $0.04 during mid-day trading on Wednesday, reaching $21.69. 2,925,404 shares of the company were exchanged, compared to its average volume of 5,542,635. The company's 50-day simple moving average is $19.65 and its 200-day simple moving average is $16.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $9.67 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.23 and a beta of 1.58. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $22.25.

Invesco (NYSE:IVZ - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). The company 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, research analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 3.9%. The ex-dividend date was Thursday, August 14th. Invesco's dividend payout ratio (DPR) is currently 90.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IVZ shares. Morgan Stanley raised their target price on shares of Invesco from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised their target price on shares of Invesco from $16.25 to $16.75 and gave the company a "neutral" rating in a research report on Friday, June 27th. Wells Fargo & Company raised shares of Invesco from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $14.50 to $18.00 in a research report on Friday, July 11th. Barclays raised their target price on shares of Invesco from $17.00 to $22.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 23rd. Finally, TD Cowen raised shares of Invesco from a "hold" rating to a "buy" rating and raised their target price for the company from $17.50 to $25.00 in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Invesco presently has an average rating of "Hold" and a consensus target price of $18.78.

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.