Hennion & Walsh Asset Management Inc. Boosts Position in Invesco Ltd. (NYSE:IVZ)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 53.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,426 shares of the asset manager’s stock after buying an additional 18,942 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco were worth $903,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its holdings in Invesco by 1,411.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,756,500 shares of the asset manager’s stock valued at $67,016,000 after purchasing an additional 3,507,900 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Invesco in the fourth quarter valued at about $61,795,000. Norges Bank purchased a new stake in shares of Invesco during the 4th quarter valued at about $59,713,000. Dimensional Fund Advisors LP lifted its position in Invesco by 23.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,798,051 shares of the asset manager’s stock worth $246,163,000 after acquiring an additional 2,592,039 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Invesco by 52.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,336,033 shares of the asset manager’s stock worth $33,919,000 after acquiring an additional 799,977 shares during the period. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Invesco from $17.75 to $16.75 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Invesco from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $17.00 target price (down from $19.00) on shares of Invesco in a research report on Wednesday, April 24th. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a report on Monday, June 17th. Finally, Morgan Stanley lifted their price objective on Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.79.

Invesco Trading Down 0.7 %

NYSE IVZ opened at $14.85 on Tuesday. The firm has a market capitalization of $6.68 billion, a PE ratio of -19.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46. Invesco Ltd. has a one year low of $12.48 and a one year high of $18.71. The company has a 50-day simple moving average of $15.17 and a 200-day simple moving average of $15.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 6.89 and a current ratio of 6.89.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, April 23rd. The asset manager reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a negative net margin of 1.74% and a positive return on equity of 7.84%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. On average, equities analysts forecast that Invesco Ltd. will post 1.64 earnings per share for the current year.

Invesco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.52%. This is a boost from Invesco’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, May 13th. Invesco’s dividend payout ratio (DPR) is presently -109.33%.

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.