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

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 61.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC acquired a new position in Invesco during the 4th quarter valued at about $38,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager's stock valued at $42,000 after acquiring an additional 1,531 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Invesco during the fourth quarter valued at approximately $52,000. Versant Capital Management Inc raised its holdings in Invesco by 264.1% during the first quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager's stock worth $47,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Invesco by 381.5% in the fourth quarter. Assetmark Inc. now owns 3,496 shares of the asset manager's stock worth $61,000 after purchasing an additional 2,770 shares during the period. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Up 0.9%

Shares of NYSE:IVZ traded up $0.13 during trading on Tuesday, reaching $14.81. 4,739,452 shares of the company traded hands, compared to its average volume of 5,287,013. The firm has a fifty day simple moving average of $14.03 and a 200 day simple moving average of $16.15. 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 Ltd. has a 1-year low of $11.60 and a 1-year high of $19.55. The firm has a market cap of $6.63 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 0.98 and a beta of 1.49.

Invesco (NYSE:IVZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The asset manager reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a return on equity of 8.18% and a net margin of 12.77%. During the same quarter in the prior year, the company posted $0.33 earnings per share. Analysts anticipate 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 was paid on Tuesday, June 3rd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.21 per share. This is a positive change from Invesco's previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 14th. This represents a $0.84 annualized dividend and a dividend yield of 5.67%. Invesco's dividend payout ratio is 67.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Invesco from $15.00 to $15.25 and gave the company a "neutral" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of Invesco from $19.50 to $14.50 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Barclays upped their price target on Invesco from $14.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday. Bank of America decreased their target price on Invesco from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Citigroup reduced their target price on Invesco from $20.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Invesco has a consensus rating of "Hold" and an average price target of $17.32.

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.