November 29, 2016 - By Peter Erickson
Philip Taylor, an insider of Invesco Ltd, currently Senior Managing Director lately disclosed a substantial trade with the Security Exchange Commission. As revealed in the form, Philip Taylor purchased 140,000 shares of the stock exchange listed company, priced at $31.3 per share. $4,386,200 U.S. Dollars was the trade’s value. The SEC report’s date was 29-11-2016. The stocks unloading will most probably not stay a secret as it was big one. Presently, he owns a total of 147,751 shares or 0.04% of the company’s total market capitalization.
Out of 11 analysts covering Invesco (NYSE:IVZ), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $48 is the highest target while $27 is the lowest. The $35.77 average target is 15.13% above today’s ($31.07) stock price. Invesco has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, July 18 by Deutsche Bank. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. Deutsche Bank maintained the shares of IVZ in a report on Friday, July 31 with “Buy” rating. As per Friday, October 14, the company rating was maintained by Wood. As per Monday, July 11, the company rating was maintained by Jefferies. Deutsche Bank downgraded Invesco Ltd. (NYSE:IVZ) on Friday, October 14 to “Hold” rating. The firm has “Neutral” rating given on Thursday, June 2 by UBS. As per Thursday, September 10, the company rating was maintained by Citigroup. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Wednesday, October 5. Deutsche Bank has “Buy” rating and $36 price target. The stock has “Buy” rating given by Jefferies on Wednesday, October 7.
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.45, from 1.32 in 2016Q1. The ratio is negative, 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.
Voya Mngmt Limited Liability owns 247,952 shares or 0.02% of their US portfolio. Waters Parkerson Ltd Liability Corp has 661,665 shares for 1.81% of their US portfolio. The Ontario – Canada-based 1832 Asset Management Ltd Partnership has invested 0.04% in Invesco Ltd. (NYSE:IVZ). Moreover, Commerce National Bank has 0.18% invested in Invesco Ltd. (NYSE:IVZ) for 448,753 shares. Blackrock owns 1.26M shares or 0.05% of their US portfolio. Honeywell Incorporated last reported 0.42% of its portfolio in the stock. Allianz Asset Mngmt Ag holds 0% or 97,822 shares in its portfolio. Washington Cap holds 0.54% or 14,800 shares in its portfolio. St Johns Invest Mgmt Limited Company reported 14,131 shares or 0.32% of all its holdings. Patten Group Inc last reported 0% of its portfolio in the stock. Whittier Trust Of Nevada Inc owns 3,080 shares or 0.01% of their US portfolio. Summit Wealth Advsrs last reported 18,137 shares in the company. First Quadrant Lp Ca, a California-based fund reported 8 shares. Ftb Advisors Inc reported 781 shares or 0% of all its holdings. The Texas-based Hbk Investments Limited Partnership has invested 0.05% in Invesco Ltd. (NYSE:IVZ).
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 3 selling transactions for $5.30 million net activity. Another trade for 40,433 shares valued at $1.15M was sold by Meadows Colin. On Friday, July 29 Johnson Ben F. III bought $58,480 worth of the stock or 2,000 shares. On Monday, September 12 the insider LAWRENCE EDWARD P sold $49,622. Lo Andrew Tak Shing sold $4.16M worth of Invesco Ltd. (NYSE:IVZ) on Wednesday, November 2.
About 2.61M shares traded hands. Invesco Ltd. (NYSE:IVZ) has declined 3.70% since April 26, 2016 and is downtrending. It has underperformed by 8.96% the S&P500.
Invesco Ltd. is an independent global investment management company. The company has a market cap of $12.47 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 15.52 P/E ratio. It operates in the investment management segment.
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.”
Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on January, 26. They expect $0.61 EPS, up 5.17% or $0.03 from last year’s $0.58 per share. IVZ’s profit will be $244.82 million for 12.73 P/E if the $0.61 EPS becomes a reality. After $0.60 actual EPS reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts 1.67% EPS growth.
More notable recent Invesco Ltd. (NYSE:IVZ) news were published by: Reuters.com which released: “BRIEF-Invesco Ltd reports 33.47 pct stake in Motif Bio” on November 29, 2016, also Streetinsider.com with their article: “Form SC 13D Motif Bio plc Filed by: Invesco Ltd.” published on November 29, 2016, Prnewswire.com published: “Invesco Ltd. to Present at the 2016 Bank of America Merrill Lynch Future of ..” on November 03, 2016. More interesting news about Invesco Ltd. (NYSE:IVZ) were released by: Forbes.com and their article: “Invesco a Top Socially Responsible Dividend Stock With 3.6% Yield (IVZ)” published on November 11, 2016 as well as Prnewswire.com‘s news article titled: “Invesco Ltd. Corrects Quarterly Ex-Dividend Date” with publication date: November 01, 2016.
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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