AQR Capital Management LLC Purchases 377,786 Shares of Invesco Ltd. (NYSE:IVZ)

AQR Capital Management LLC raised its position in Invesco Ltd. (NYSE:IVZ) by 19.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,364,232 shares of the asset manager’s stock after acquiring an additional 377,786 shares during the quarter. AQR Capital Management LLC owned approximately 0.53% of Invesco worth $35,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IVZ. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Invesco by 42.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,390 shares of the asset manager’s stock worth $96,000 after purchasing an additional 1,919 shares during the period. Marshall Wace LLP increased its holdings in Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager’s stock valued at $18,269,000 after buying an additional 654,960 shares during the last quarter. Xponance Inc. raised its position in Invesco by 136.6% in the second quarter. Xponance Inc. now owns 106,197 shares of the asset manager’s stock worth $1,589,000 after acquiring an additional 61,309 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Invesco by 12.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock worth $1,133,000 after acquiring an additional 8,317 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in shares of Invesco by 2,120.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 30,300 shares of the asset manager’s stock valued at $453,000 after acquiring an additional 31,800 shares during the period. 66.09% of the stock is owned by hedge funds and other institutional investors.

Invesco Price Performance

Shares of NYSE:IVZ opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.80 and a current ratio of 5.80. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of -23.52, a P/E/G ratio of 1.18 and a beta of 1.44. The firm has a fifty day moving average price of $16.62 and a 200 day moving average price of $15.88. Invesco Ltd. has a fifty-two week low of $12.48 and a fifty-two week high of $18.28.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Invesco had a positive return on equity of 8.41% and a negative net margin of 1.73%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. As a group, sell-side analysts expect that Invesco Ltd. will post 1.65 earnings per share for the current fiscal year.

Invesco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.82 annualized dividend and a dividend yield of 4.65%. Invesco’s dividend payout ratio (DPR) is -109.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Invesco from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. StockNews.com cut Invesco from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada raised their target price on shares of Invesco from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Evercore ISI upped their price target on shares of Invesco from $17.00 to $18.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.08.

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.