Amalgamated Bank Sells 1,735 Shares of Invesco Ltd. (NYSE:IVZ)

Amalgamated Bank cut its position in Invesco Ltd. (NYSE:IVZ) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,384 shares of the asset manager’s stock after selling 1,735 shares during the period. Amalgamated Bank’s holdings in Invesco were worth $1,440,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Invesco by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,613,488 shares of the asset manager’s stock worth $45,684,000 after acquiring an additional 113,451 shares in the last quarter. Impax Asset Management Group plc raised its position in Invesco by 32.2% in the 4th quarter. Impax Asset Management Group plc now owns 74,673 shares of the asset manager’s stock valued at $1,305,000 after purchasing an additional 18,173 shares during the last quarter. Olympiad Research LP acquired a new position in Invesco in the fourth quarter worth $237,000. ING Groep NV bought a new stake in shares of Invesco during the fourth quarter worth $355,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Invesco by 1.6% in the fourth quarter. Handelsbanken Fonder AB now owns 77,000 shares of the asset manager’s stock valued at $1,346,000 after buying an additional 1,200 shares in the last quarter. 66.09% of the stock is owned by institutional investors.

Invesco Price Performance

Shares of IVZ opened at $16.75 on Tuesday. The stock has a market cap of $7.53 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. Invesco Ltd. has a 1 year low of $14.16 and a 1 year high of $19.55. The stock’s 50-day moving average price is $17.81 and its two-hundred day moving average price is $17.58. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.49.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, equities analysts predict that Invesco Ltd. will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.90%. The ex-dividend date is Friday, February 14th. Invesco’s payout ratio is presently 69.49%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Invesco from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Invesco from $17.00 to $19.50 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Invesco from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $20.00 price objective (up from $18.00) on shares of Invesco in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Invesco presently has an average rating of “Hold” and an average target price of $19.94.

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.