In today’s session Invesco Ltd. (IVZ) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious IVZ increase. With 500 contracts traded and 1494 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: IVZ161118C00032000 closed last at: $0.8 or 20% down. About 1.35M 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.
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 $246.93 million for 12.84 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. $48 is the highest target while $27 is the lowest. The $36.54 average target is 18.60% above today’s ($30.81) stock price. Invesco has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, October 5 by Deutsche Bank. The firm has “Neutral” rating by Citigroup given on Monday, June 27. As per Monday, July 18, the company rating was maintained by Deutsche Bank. The firm earned “Positive” rating on Thursday, September 3 by Susquehanna. Deutsche Bank maintained it with “Buy” rating and $34 target price in Thursday, June 16 report. Deutsche Bank maintained it with “Buy” rating and $36.0 target price in Friday, January 8 report. The firm has “Neutral” rating given on Thursday, June 2 by UBS. The stock of Invesco Ltd. (NYSE:IVZ) has “Buy” rating given on Wednesday, October 7 by Jefferies. Deutsche Bank maintained it with “Buy” rating and $42 target price in Friday, September 18 report. Deutsche Bank maintained the shares of IVZ in a report on Thursday, March 17 with “Buy” rating.
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 Q2 2016. Its up 0.48, from 0.84 in 2016Q1. The ratio is positive, 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.
Charter Comm reported 8,632 shares or 0.03% of all its holdings. Olstein Cap Management L P has invested 1.53% of its portfolio in Invesco Ltd. (NYSE:IVZ). Liberty Mutual Group Asset Management Incorporated holds 0.03% or 29,302 shares in its portfolio. Robeco Institutional Asset Management Bv last reported 0.02% of its portfolio in the stock. The Louisiana-based Waters Parkerson Com Lc has invested 1.81% in Invesco Ltd. (NYSE:IVZ). Moreover, Ameritas Inv Partners Inc has 0.07% invested in Invesco Ltd. (NYSE:IVZ) for 40,382 shares. Moreover, Northern Trust has 0.04% invested in Invesco Ltd. (NYSE:IVZ) for 5.03 million shares. Agf Investments reported 1.62 million shares or 0.46% of all its holdings. World Asset holds 41,385 shares or 0.04% of its portfolio. Utah Retirement Systems holds 0.05% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 75,040 shares. Condor Capital Mgmt holds 46,626 shares or 0.28% of its portfolio. Moreover, Blackrock has 0.05% invested in Invesco Ltd. (NYSE:IVZ) for 1.26M shares. Livingston Gp Incorporated Asset Mngmt (Operating As Southport Capital Management) last reported 0% of its portfolio in the stock. Channing Management has 0.35% invested in the company for 323,411 shares. Gateway Investment Advisers Ltd Co last reported 30,390 shares in the company.
Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 2 insider sales for $1.14 million net activity. Meadows Colin also sold $1.15 million worth of Invesco Ltd. (NYSE:IVZ) on Friday, June 10. 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.
Invesco Ltd. is an independent global investment management company. The company has a market cap of $12.68 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 15.48 P/E ratio. It operates in the investment management segment.
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.
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.
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