AQR Capital Management LLC Grows Position in Invesco Ltd. (NYSE:IVZ)

AQR Capital Management LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 38.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,145,596 shares of the asset manager’s stock after purchasing an additional 2,264,551 shares during the period. AQR Capital Management LLC’s holdings in Invesco were worth $142,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IVZ. Norges Bank purchased a new stake in Invesco in the 4th quarter valued at $57,459,000. CIBC Private Wealth Group LLC increased its stake in Invesco by 2,385.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,711,519 shares of the asset manager’s stock valued at $29,301,000 after purchasing an additional 1,642,645 shares during the period. Amundi raised its holdings in shares of Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager’s stock valued at $45,424,000 after buying an additional 1,472,178 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Invesco by 965.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager’s stock worth $17,328,000 after buying an additional 898,210 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Invesco by 15.1% during the fourth quarter. Northern Trust Corp now owns 6,361,463 shares of the asset manager’s stock worth $111,198,000 after buying an additional 834,581 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Performance

Shares of IVZ stock opened at $13.98 on Wednesday. Invesco Ltd. has a 1 year low of $11.60 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91. The stock has a fifty day moving average price of $14.75 and a 200 day moving average price of $16.79. The stock has a market cap of $6.26 billion, a PE ratio of 11.84, a P/E/G ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same period in the prior year, the business earned $0.33 earnings per share. Sell-side analysts forecast that Invesco Ltd. will post 1.87 earnings per share for the current fiscal year.

Invesco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Wednesday, May 14th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is currently 67.20%.

Wall Street Analysts Forecast Growth

IVZ has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price objective on Invesco from $19.50 to $14.50 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of Invesco from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. UBS Group upped their price objective on shares of Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their target price on shares of Invesco from $15.00 to $15.25 and gave the company a “neutral” rating in a report on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.25.

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.