Crestline Management LP Invests $893,000 in Invesco Ltd. (NYSE:IVZ)

Crestline Management LP acquired a new stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,071 shares of the asset manager's stock, valued at approximately $893,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Invesco during the fourth quarter valued at $57,459,000. AQR Capital Management LLC boosted its holdings in shares of Invesco by 38.5% during the 4th quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager's stock valued at $142,385,000 after acquiring an additional 2,264,551 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of 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 worth $29,301,000 after acquiring an additional 1,642,645 shares during the period. Amundi grew its stake in shares of Invesco by 124.6% in the fourth quarter. Amundi now owns 2,653,259 shares of the asset manager's stock worth $45,424,000 after acquiring an additional 1,472,178 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Invesco by 965.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 991,281 shares of the asset manager's stock valued at $17,328,000 after purchasing an additional 898,210 shares during the period. 66.09% of the stock is currently owned by institutional investors.

Invesco Stock Up 0.5 %

IVZ opened at $14.82 on Friday. Invesco Ltd. has a 52 week low of $11.60 and a 52 week high of $19.55. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $16.60. The company has a market capitalization of $6.63 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47.

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

Invesco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Wednesday, May 14th will be paid a dividend of $0.21 per share. This is an increase from Invesco's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.67%. Invesco's dividend payout ratio is presently 67.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IVZ shares. TD Cowen downgraded shares of Invesco from a "buy" rating to a "hold" rating and cut their target price for the stock from $22.00 to $13.00 in a research report on Wednesday, April 9th. Morgan Stanley lowered their target price on Invesco from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. BMO Capital Markets boosted their target price on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th. Finally, Bank of America dropped their price target on shares of Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Invesco currently has a consensus rating of "Hold" and a consensus price target of $17.25.

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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