November 25, 2016 - By Dolores Ford · 0 Comments
Invesco LTD (NYSE:IVZ) institutional sentiment decreased to 0.87 in Q2 2016. Its down -0.45, from 1.32 in 2016Q1. The ratio turned negative, as 261 hedge funds opened new and increased stock positions, while 197 reduced and sold their holdings in Invesco LTD. The hedge funds in our partner’s database now have: 304.76 million shares, down from 320.32 million shares in 2016Q1. Also, the number of hedge funds holding Invesco LTD in their top 10 stock positions decreased from 3 to 1 for a decrease of 2. Sold All: 48 Reduced: 149 Increased: 195 New Position: 66.
Invesco Ltd. is an independent global investment management company. The company has a market cap of $12.91 billion. The Firm provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It has a 15.88 P/E ratio. It operates in the investment management segment.
The stock decreased 0.03% or $0.01 during the last trading session, hitting $31.66. About 901,328 shares traded hands. Invesco Ltd. (NYSE:IVZ) has declined 2.13% since April 22, 2016 and is downtrending. It has underperformed by 7.54% the S&P500.
Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on January, 26. They expect $0.61 earnings per share, up 5.17% or $0.03 from last year’s $0.58 per share. IVZ’s profit will be $248.74 million for 12.98 P/E if the $0.61 EPS becomes a reality. After $0.60 actual earnings per share reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts 1.67% EPS growth.
According to Zacks Investment Research, “Invesco is an independent global investment manager operating in more than 20 countries. Supported by a global platform, Invesco delivers a comprehensive array of investment capabilities and services to retail and institutional investors. They have a significant presence in the retail and institutional markets within the investment management industry in North America, Europe and Asia-Pacific, serving clients in more than 100 countries.”
National Investment Services Inc Wi holds 2.9% of its portfolio in Invesco Ltd. for 99,552 shares. Philadelphia Financial Management Of San Francisco Llc owns 453,713 shares or 2.66% of their US portfolio. Moreover, Reinhart Partners Inc. has 2.42% invested in the company for 946,687 shares. The Connecticut-based Sound Shore Management Inc Ct has invested 2.25% in the stock. Nelson Roberts Investment Advisors Llc, a California-based fund reported 197,759 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 3 sales for $5.30 million net activity.
Ratings analysis reveals 64% of Invesco’s analysts are positive. Out of 11 Wall Street analysts rating Invesco, 7 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $27 while the high is $48. The stock’s average target of $35.77 is 12.98% above today’s ($31.66) share price. IVZ was included in 46 notes of analysts from July 21, 2015. Wood maintained the stock with “Outperform” rating in Thursday, September 3 report. Argus Research maintained the stock with “Buy” rating in Wednesday, October 21 report. The stock of Invesco Ltd. (NYSE:IVZ) has “Hold” rating given on Friday, October 14 by Deutsche Bank. Citigroup downgraded it to “Neutral” rating and $27 target price in Monday, June 27 report. Morgan Stanley upgraded the shares of IVZ in a report on Monday, September 21 to “Overweight” rating. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Monday, July 18. Deutsche Bank has “Buy” rating and $33 price target. As per Thursday, June 2, the company rating was downgraded by UBS. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, March 17. Deutsche Bank has “Buy” rating and $34 price target. Deutsche Bank maintained it with “Buy” rating and $42 target price in Friday, September 18 report. The stock has “Positive” rating given by Susquehanna on Thursday, September 3.
Invesco Ltd. (Invesco), incorporated on September 12, 2007, is an independent global investment management company. The Firm provides a range of investment capabilities and outcomes, which are delivered through a diverse set of investment vehicles, to help clients achieve their investment objectives. It operates in the investment management segment. The Firm has a presence in the retail and institutional markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific, serving clients in approximately 100 countries. The Firm manages approximately $775.6 billion in assets for investors around the world. The Company’s Invesco Jemstep solution provides wealth management home offices and their advisors with a suite of technology solutions that are customizable and are integrated into existing systems. The solution offers advisors a white-labeled, open architecture platform that includes Invesco’s high-conviction fundamental and factor investment strategies. Approximately 47.8% of its assets under management (AUM) are invested in equity securities and over 52.2% in fixed income and other investments.
More recent Invesco Ltd. (NYSE:IVZ) news were published by: Prnewswire.com which released: “Invesco Ltd. to Present at the 2016 Bank of America Merrill Lynch Future of …” on November 03, 2016. Also Prnewswire.com published the news titled: “Invesco Ltd. Corrects Quarterly Ex-Dividend Date” on November 01, 2016. Prnewswire.com‘s news article titled: “Invesco Revamps CollegeBound Program, Receives Morningstar Silver and Bronze …” with publication date: November 02, 2016 was also an interesting one.
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By Dolores Ford