Some Traders See Unusual Bullish Options Activity in Invesco Ltd.

 Some Traders See Unusual Bullish Options Activity in Invesco Ltd.

In today’s session Invesco Ltd. (IVZ) registered an unusually high (396) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious IVZ increase. With 396 contracts traded and 22434 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: IVZ170120C00033000 closed last at: $0.35 or 30% down. About 682,945 shares traded hands. Invesco Ltd. (NYSE:IVZ) has declined 1.79% since March 16, 2016 and is downtrending. It has underperformed by 7.34% 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 $246.16M for 12.49 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), 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 19.31% above today’s ($29.98) stock price. Invesco has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Monday, June 27. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 9 report. Deutsche Bank maintained the shares of IVZ in a report on Wednesday, October 5 with “Buy” rating. Citigroup maintained it with “Buy” rating and $48 target price in Thursday, September 10 report. The stock has “Outperform” rating given by Wood on Thursday, September 3. The stock of Invesco Ltd. (NYSE:IVZ) earned “Buy” rating by Deutsche Bank on Friday, July 31. Jefferies maintained Invesco Ltd. (NYSE:IVZ) rating on Monday, July 11. Jefferies has “Buy” rating and $30 price target. The stock has “Buy” rating given by Deutsche Bank on Thursday, June 16. Barclays Capital maintained the shares of IVZ in a report on Thursday, October 13 with “Overweight” rating. Argus Research maintained Invesco Ltd. (NYSE:IVZ) rating on Wednesday, October 21. Argus Research has “Buy” rating and $38 price target.

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.
Old Fincl Bank In has invested 0.01% of its portfolio in Invesco Ltd. (NYSE:IVZ). Dimensional Fund Advisors L P last reported 0.03% of its portfolio in the stock. Archford Capital Strategies Llc reported 30,419 shares or 0.41% of all its holdings. Moreover, Cipher Cap L P has 0.73% invested in Invesco Ltd. (NYSE:IVZ) for 408,261 shares. Advisors Asset Management has 0.16% invested in the company for 388,738 shares. Seven Eight Capital Ltd Co has invested 0% of its portfolio in Invesco Ltd. (NYSE:IVZ). Blackrock Limited, a United Kingdom-based fund reported 3.90M shares. Channing Lc accumulated 0.35% or 323,411 shares. State Of Tennessee Treasury Department holds 0.05% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 413,564 shares. Ubs Asset Americas holds 1.31M shares or 0.04% of its portfolio. Sit Inv Assoc holds 984,050 shares or 0.67% of its portfolio. Moreover, First Mercantile Tru has 0% invested in Invesco Ltd. (NYSE:IVZ) for 165 shares. First Financial Bank Sioux Falls has 490 shares for 0.04% of their US portfolio. Neuberger Berman Gru Ltd Company has invested 0% of its portfolio in Invesco Ltd. (NYSE:IVZ). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.07% or 214,444 shares in its portfolio.

Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 2 sales for $1.14 million net activity. 40,433 Invesco Ltd. (NYSE:IVZ) shares with value of $1.15 million were sold by Meadows Colin. On Friday, July 29 Johnson Ben F. III bought $58,480 worth of the stock or 2,000 shares. 1,609 shares were sold by LAWRENCE EDWARD P, worth $49,622.

Invesco Ltd. is an independent global investment management company. The company has a market cap of $12.30 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 15.06 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.

More news for Invesco Ltd. (NYSE:IVZ) were recently published by: Prnewswire.com, which released: “Invesco Ltd. Announces September 30, 2016 Assets Under Management and …” on October 11, 2016. Reuters.com‘s article titled: “BRIEF-Invesco Ltd announces September Assets Under Management” and published on October 11, 2016 is yet another important article.

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