Amalgamated Bank Has $1.48 Million Position in Invesco Ltd. (NYSE:IVZ)

Amalgamated Bank cut its position in Invesco Ltd. (NYSE:IVZ) by 29.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,119 shares of the asset manager’s stock after selling 35,016 shares during the period. Amalgamated Bank’s holdings in Invesco were worth $1,477,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Invesco in the second quarter worth $28,000. Sentry Investment Management LLC acquired a new stake in Invesco in the second quarter worth $30,000. Allworth Financial LP raised its holdings in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock worth $42,000 after purchasing an additional 1,806 shares during the period. Abich Financial Wealth Management LLC raised its holdings in Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock worth $60,000 after purchasing an additional 1,210 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Invesco during the second quarter worth $61,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Invesco from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Evercore ISI increased their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley increased their price objective on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.63.

Invesco Price Performance

Shares of Invesco stock opened at $17.79 on Wednesday. Invesco Ltd. has a twelve month low of $12.82 and a twelve month high of $18.94. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $17.39 and a two-hundred day simple moving average of $16.35. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of -19.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. The business’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. Analysts forecast that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco’s payout ratio is presently -89.13%.

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.