Is Invesco Ltd.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Invesco Ltd.'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Invesco Ltd. (IVZ) registered an unusually high (1,094) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious IVZ increase. With 1,094 contracts traded and 314 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: IVZ161216C00030000 closed last at: $0.65 or 31.6% down. About 2.08 million shares traded hands. Invesco Ltd. (NYSE:IVZ) has declined 7.55% since March 29, 2016 and is downtrending. It has underperformed by 11.02% 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 $240.43M for 11.75 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 26.84% above today’s ($28.2) 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 Thursday, September 10 by Citigroup. The stock has “Outperform” rating given by Wood on Friday, October 14. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with “Buy”. On Thursday, April 7 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Neutral” rating given by Citigroup on Monday, June 27. The firm has “Buy” rating given on Thursday, March 17 by Deutsche Bank. Deutsche Bank downgraded Invesco Ltd. (NYSE:IVZ) on Friday, October 14 to “Hold” rating. The company was maintained on Friday, September 18 by Deutsche Bank. The company was maintained on Monday, July 11 by Jefferies. On Friday, July 31 the stock rating was maintained by Deutsche Bank with “Buy”.

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.
Piedmont Invest Advsrs Llc has 5 shares for 0% of their US portfolio. Waters Parkerson Comm Lc, a Louisiana-based fund reported 661,665 shares. Ameriprise Financial accumulated 0.11% or 7.43 million shares. Moreover, Smithfield Co has 0% invested in Invesco Ltd. (NYSE:IVZ) for 360 shares. Geode Cap Mgmt has invested 0.05% of its portfolio in Invesco Ltd. (NYSE:IVZ). Stifel Fin Corporation has 0.13% invested in the company for 1.07M shares. Bnp Paribas Arbitrage reported 230,153 shares or 0.03% of all its holdings. Moreover, Kistler has 0% invested in Invesco Ltd. (NYSE:IVZ) for 147 shares. First Bank & Trust Of Mount Dora Svcs has 1.56% invested in the company for 106,554 shares. The Connecticut-based Parametric Risk Lc has invested 1.26% in Invesco Ltd. (NYSE:IVZ). Shell Asset Mngmt has invested 0.16% of its portfolio in Invesco Ltd. (NYSE:IVZ). Amp Capital Invsts Ltd has 0.03% invested in the company for 183,919 shares. Moreover, Keybank Natl Association Oh has 0.03% invested in Invesco Ltd. (NYSE:IVZ) for 194,151 shares. Mufg Americas reported 768 shares or 0% of all its holdings. Wms Partners Ltd Liability Com has 0.05% invested in the company for 13,370 shares.

Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 2 selling transactions for $1.14 million net activity. Another trade for 40,433 shares valued at $1.15 million was sold by Meadows Colin. Johnson Ben F. III bought $58,480 worth of stock. $49,622 worth of Invesco Ltd. (NYSE:IVZ) was sold by LAWRENCE EDWARD P.

Invesco Ltd. is an independent global investment management company. The company has a market cap of $11.30 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 14.14 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 recent Invesco Ltd. (NYSE:IVZ) news were published by: Prnewswire.com which released: “Invesco Ltd. Announces September 30, 2016 Assets Under Management and …” on October 11, 2016. Also Reuters.com published the news titled: “BRIEF-Invesco Ltd announces September Assets Under Management” on October 11, 2016. Nasdaq.com‘s news article titled: “Invesco Ltd. Reports 6% Decline In Q3 Profit” with publication date: October 27, 2016 was also an interesting one.

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