The stock of Invesco Ltd. (NYSE:IVZ) is a huge mover today! About 2.12 million shares traded hands. Invesco Ltd. (NYSE:IVZ) has risen 10.82% since March 8, 2016 and is uptrending. It has outperformed by 1.50% the S&P500.
The move comes after 5 months positive chart setup for the $12.69 billion company. It was reported on Oct, 11 by Barchart.com. We have $40.72 PT which if reached, will make NYSE:IVZ worth $4.06B more.
Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on November, 3. They expect $0.60 EPS, down 1.64% or $0.01 from last year’s $0.61 per share. IVZ’s profit will be $246.81M for 12.85 P/E if the $0.60 EPS becomes a reality. After $0.56 actual EPS reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.
Invesco Ltd. (NYSE:IVZ) Ratings Coverage
Out of 11 analysts covering Invesco (NYSE:IVZ), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Invesco has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Overweight” on Thursday, April 7. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, March 17. Deutsche Bank has “Buy” rating and $34 price target. Jefferies maintained it with “Buy” rating and $39 target price in Wednesday, October 7 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 8. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, September 21 report. The stock of Invesco Ltd. (NYSE:IVZ) has “Buy” rating given on Monday, July 18 by Deutsche Bank. Citigroup downgraded the shares of IVZ in a report on Monday, June 27 to “Neutral” rating. The company was maintained on Wednesday, October 21 by Argus Research. The rating was maintained by Deutsche Bank on Thursday, June 16 with “Buy”. The stock of Invesco Ltd. (NYSE:IVZ) has “Overweight” rating given on Tuesday, August 9 by Barclays Capital.
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.”
Insitutional Activity: The institutional sentiment increased to 1.32 in 2016 Q2. Its up 0.48, from 0.84 in 2016Q1. The ratio increased, as 48 funds sold all Invesco Ltd. shares owned while 149 reduced positions. 66 funds bought stakes while 195 increased positions. They now own 304.76 million shares or 4.86% less from 320.32 million shares in 2016Q1.
Pioneer Investment Mgmt accumulated 266,783 shares or 0.02% of the stock. Quantitative Systematic Strategies Ltd Co accumulated 0.48% or 41,447 shares. Mizuho Asset Mgmt Coltd holds 5,557 shares or 0.03% of its portfolio. Wms Prtnrs Limited Liability, a Maryland-based fund reported 13,370 shares. Moreover, Croft has 1.29% invested in Invesco Ltd. (NYSE:IVZ) for 224,655 shares. Eastern State Bank has invested 0.76% of its portfolio in Invesco Ltd. (NYSE:IVZ). Ls Investment Advsr Limited Liability Corp last reported 20,781 shares in the company. Old Fincl Bank In holds 9,241 shares or 0.01% of its portfolio. Lmr Partners Limited Liability Partnership, a United Kingdom-based fund reported 12,854 shares. Janney Montgomery Scott Ltd Liability has 14,329 shares for 0.01% of their US portfolio. The Massachusetts-based Panagora Asset Management has invested 0.01% in Invesco Ltd. (NYSE:IVZ). Manchester Mgmt Lc accumulated 0.01% or 1,718 shares. Utah Retirement System last reported 75,040 shares in the company. M&R Capital Mngmt accumulated 95 shares or 0% of the stock. Janus Capital Limited Liability Corp holds 0% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 61,275 shares.
Insider Transactions: Since June 10, 2016, the stock had 1 buy, and 2 sales for $1.14 million net activity. $58,480 worth of Invesco Ltd. (NYSE:IVZ) was bought by Johnson Ben F. III on Friday, July 29. Another trade for 40,433 shares valued at $1.15M was made by Meadows Colin on Friday, June 10. LAWRENCE EDWARD P sold $49,622 worth of stock.
Another recent and important Invesco Ltd. (NYSE:IVZ) news was published by Prnewswire.com which published an article titled: “Invesco Ltd. Announces August 31, 2016 Assets Under Management” on September 12, 2016.
IVZ Company Profile
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.
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