Hennion & Walsh Asset Management Inc. Sells 25,565 Shares of Invesco Ltd. (NYSE:IVZ)

Hennion & Walsh Asset Management Inc. reduced its stake in Invesco Ltd. (NYSE:IVZ - Free Report) by 61.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,928 shares of the asset manager's stock after selling 25,565 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Invesco were worth $242,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Invesco by 0.8% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Invesco by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 20,104,545 shares of the asset manager's stock worth $351,430,000 after purchasing an additional 274,134 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Invesco by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 10,383,206 shares of the asset manager's stock worth $181,281,000 after purchasing an additional 134,726 shares during the last quarter. AQR Capital Management LLC increased its stake 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 worth $142,385,000 after purchasing an additional 2,264,551 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Invesco by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 6,380,191 shares of the asset manager's stock worth $111,526,000 after purchasing an additional 31,854 shares during the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Stock Performance

NYSE IVZ traded down $0.44 during trading on Friday, reaching $14.52. The company's stock had a trading volume of 5,120,727 shares, compared to its average volume of 4,368,173. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49. Invesco Ltd. has a 12 month low of $11.60 and a 12 month high of $19.55. The firm has a 50 day moving average price of $14.14 and a 200 day moving average price of $16.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a net margin of 12.77% and a return on equity of 8.18%. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, equities analysts anticipate 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 was paid on Tuesday, June 3rd. Shareholders of record on Wednesday, May 14th were issued a $0.21 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 dividend on an annualized basis and a yield of 5.79%. This is an increase from Invesco's previous quarterly dividend of $0.21. Invesco's payout ratio is currently 67.20%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IVZ. Evercore ISI boosted their price objective on shares of Invesco from $13.00 to $15.00 and gave the stock an "in-line" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Invesco from $19.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Bank of America lowered their price objective 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. Barclays boosted their price objective on shares of Invesco from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, 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 note on Thursday, April 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Invesco currently has an average rating of "Hold" and an average target price of $17.38.

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.