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

Amalgamated Bank reduced its stake in shares of Invesco Ltd. (NYSE:IVZ - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,119 shares of the asset manager's stock after selling 35,016 shares during the quarter. Amalgamated Bank's holdings in Invesco were worth $1,477,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Invesco by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 18,084,231 shares of the asset manager's stock valued at $270,540,000 after purchasing an additional 3,349,069 shares in the last quarter. Swedbank AB purchased a new position in Invesco during the first quarter valued at approximately $41,475,000. Ossiam grew its position in Invesco by 2,712.9% during the first quarter. Ossiam now owns 680,157 shares of the asset manager's stock valued at $11,284,000 after purchasing an additional 655,977 shares in the last quarter. Marshall Wace LLP grew its position in Invesco by 115.7% during the second quarter. Marshall Wace LLP now owns 1,221,187 shares of the asset manager's stock valued at $18,269,000 after purchasing an additional 654,960 shares in the last quarter. Finally, M&G Plc purchased a new position in Invesco during the first quarter valued at approximately $8,438,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Invesco Stock Up 0.4 %

Shares of IVZ traded up $0.08 during trading hours on Wednesday, reaching $17.87. 1,134,630 shares of the company traded hands, compared to its average volume of 4,198,793. Invesco Ltd. has a 1-year low of $13.40 and a 1-year high of $18.94. The stock's fifty day moving average is $17.39 and its 200 day moving average is $16.35. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66.

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

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 14th. Invesco's payout ratio is -89.13%.

Analyst Upgrades and Downgrades

IVZ has been the topic of several analyst reports. Barclays increased their price target on shares of Invesco from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price target on Invesco from $17.50 to $19.50 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Invesco from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, Evercore ISI boosted their target price on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $18.63.

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.