AQR Capital Management LLC Purchases 2,264,551 Shares of Invesco Ltd. (NYSE:IVZ)

AQR Capital Management LLC grew its position in Invesco Ltd. (NYSE:IVZ - Free Report) by 38.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,145,596 shares of the asset manager's stock after acquiring an additional 2,264,551 shares during the period. AQR Capital Management LLC owned 1.81% of Invesco worth $142,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 purchasing an additional 834,581 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Invesco by 1.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 322,520 shares of the asset manager's stock worth $5,638,000 after acquiring an additional 6,016 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Invesco by 64.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 322,781 shares of the asset manager's stock valued at $5,642,000 after acquiring an additional 126,497 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Invesco in the fourth quarter worth about $1,836,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Invesco during the fourth quarter worth approximately $5,745,000. 66.09% of the stock is owned by institutional investors and hedge funds.

Invesco Stock Up 3.5 %

Shares of NYSE IVZ traded up $0.49 during mid-day trading on Friday, reaching $14.41. 4,372,064 shares of the company's stock were exchanged, compared to its average volume of 4,294,530. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The business has a fifty day simple moving average of $14.55 and a 200 day simple moving average of $16.73. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.98 and a beta of 1.26.

Invesco (NYSE:IVZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Invesco had a return on equity of 8.18% and a net margin of 12.77%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, equities analysts expect that Invesco Ltd. will post 1.87 EPS for the current fiscal year.

Invesco Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.83%. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, May 14th. Invesco's dividend payout ratio is currently 67.20%.

Analyst Ratings Changes

Several research analysts have issued reports on IVZ shares. 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. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods restated a "market perform" rating and set a $20.00 target price (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Citigroup lowered their price target on shares of Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, BMO Capital Markets increased their price objective on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.25.

Invesco Company 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.