Hennion & Walsh Asset Management Inc. Has $242,000 Stake in Invesco Ltd. (NYSE:IVZ)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Invesco Ltd. (NYSE:IVZ) by 61.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,928 shares of the asset manager’s stock after selling 25,565 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Invesco were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Invesco by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 51,494,654 shares of the asset manager’s stock worth $900,127,000 after buying an additional 419,389 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Invesco by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager’s stock worth $351,430,000 after buying an additional 274,134 shares during the last quarter. Geode Capital Management LLC increased its holdings in Invesco by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager’s stock worth $181,281,000 after buying an additional 134,726 shares during the last quarter. AQR Capital Management LLC increased its holdings in Invesco by 38.5% during the fourth quarter. AQR Capital Management LLC now owns 8,145,596 shares of the asset manager’s stock worth $142,385,000 after buying an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Invesco by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager’s stock valued at $111,526,000 after purchasing an additional 31,854 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Up 2.0%

Invesco stock opened at $14.68 on Tuesday. The firm has a 50 day moving average price of $14.03 and a 200-day moving average price of $16.15. Invesco Ltd. has a twelve month low of $11.60 and a twelve month high of $19.55. The company has a market capitalization of $6.57 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last announced 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 analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date was Wednesday, May 14th. This is a positive change from Invesco’s previous quarterly dividend of $0.21. Invesco’s payout ratio is presently 67.20%.

Wall Street Analyst Weigh In

Several research firms have commented on IVZ. Wells Fargo & Company decreased their price objective on shares of Invesco from $19.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price objective on shares of Invesco from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Barclays upped their price objective on shares of Invesco from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI upped their price objective on shares of Invesco from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Wednesday, April 23rd. Finally, TD Cowen downgraded shares of Invesco from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $13.00 in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.32.

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.