The stock of Invesco Ltd. (NYSE:IVZ) is a huge mover today! About 3.21 million shares traded hands. Invesco Ltd. (NYSE:IVZ) has risen 1.03% since March 11, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
The move comes after 5 months negative chart setup for the $12.09B company. It was reported on Oct, 14 by Barchart.com. We have $28.48 PT which if reached, will make NYSE:IVZ worth $604.50 million less.
Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on November, 3. They expect $0.60 earnings per share, down 1.64% or $0.01 from last year’s $0.61 per share. IVZ’s profit will be $241.96 million for 12.49 P/E if the $0.60 EPS becomes a reality. After $0.56 actual earnings per share 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 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of IVZ in a report on Thursday, March 17 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Wednesday, October 7. Citigroup downgraded the stock to “Neutral” rating in Monday, June 27 report. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, June 16. Deutsche Bank has “Buy” rating and $34 price target. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 5. JP Morgan maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, April 7. JP Morgan has “Overweight” rating and $39 price target. The firm has “Outperform” rating given on Thursday, September 3 by Wood. On Thursday, October 13 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Overweight” rating given by Morgan Stanley on Monday, September 21. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank.
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.
Finance Architects owns 1,062 shares or 0.01% of their US portfolio. Ameriprise Financial, a Minnesota-based fund reported 7.43 million shares. First Natl Bank Sioux Falls holds 0.04% or 490 shares in its portfolio. Proshare Advisors Ltd Liability Corp has invested 0.04% of its portfolio in Invesco Ltd. (NYSE:IVZ). Commonwealth Of Pennsylvania School Empls Retrmt holds 33,410 shares or 0.02% of its portfolio. Nelson Van Denburg & Campbell Wealth Management Group Inc Limited Liability Corp holds 0% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 110 shares. Portland Counsel owns 47,038 shares or 1.72% of their US portfolio. General Elec has 0.23% invested in the company for 1.77 million shares. Jacobs Levy Equity Management Inc last reported 0.07% of its portfolio in the stock. Airain Limited accumulated 15,128 shares or 0.02% of the stock. Farmers Merchants holds 0% or 651 shares in its portfolio. Moody Fincl Bank Division reported 20,675 shares or 0.03% of all its holdings. Raymond James Financial Advisors has invested 0% of its portfolio in Invesco Ltd. (NYSE:IVZ). Meritage Port Mngmt has 170,190 shares for 0.49% of their US portfolio. Raymond James Associate holds 0.01% or 130,828 shares in its portfolio.
Insider Transactions: Since June 10, 2016, the stock had 1 buying transaction, and 2 selling transactions for $1.14 million net activity. Another trade for 2,000 shares valued at $58,480 was made by Johnson Ben F. III on Friday, July 29. Meadows Colin also sold $1.15M worth of Invesco Ltd. (NYSE:IVZ) on Friday, June 10. Another trade for 1,609 shares valued at $49,622 was sold by LAWRENCE EDWARD P.
More news for Invesco Ltd. (NYSE:IVZ) were recently published by: Reuters.com, which released: “BRIEF-Invesco Ltd announces September Assets Under Management” on October 11, 2016. Prnewswire.com‘s article titled: “Invesco Ltd. Announces September 30, 2016 Assets Under Management and …” and published on October 11, 2016 is yet another important article.
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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