Sciencast Management LP Takes Position in Invesco (NYSE:IVZ)

Sciencast Management LP purchased a new position in Invesco (NYSE:IVZ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,849 shares of the asset manager’s stock, valued at approximately $748,000.

Several other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its position in shares of Invesco by 9.2% in the 3rd quarter. Capital International Investors now owns 13,917,400 shares of the asset manager’s stock worth $487,666,000 after buying an additional 1,169,200 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,517,149 shares of the asset manager’s stock valued at $394,807,000 after purchasing an additional 538,969 shares during the last quarter. American Century Companies Inc. lifted its position in Invesco by 1.8% in the 4th quarter. American Century Companies Inc. now owns 9,652,437 shares of the asset manager’s stock valued at $352,700,000 after purchasing an additional 173,766 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Invesco by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,374,021 shares of the asset manager’s stock valued at $328,466,000 after purchasing an additional 88,330 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Invesco by 45.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,403,295 shares of the asset manager’s stock valued at $270,516,000 after purchasing an additional 2,306,093 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine downgraded shares of Invesco from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Tuesday, February 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 price objective (up from $39.00) on shares of Invesco in a research report on Wednesday, February 7th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Invesco in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.57.

IVZ stock opened at $30.70 on Friday. Invesco has a 52 week low of $30.02 and a 52 week high of $38.43. The stock has a market cap of $12,914.70, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 1.55.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same period in the previous year, the firm earned $0.59 EPS. Invesco’s revenue was up 16.3% on a year-over-year basis. research analysts expect that Invesco will post 3.09 EPS for the current year.

In other news, CEO Martin L. Flanagan sold 422,860 shares of Invesco stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $33.12, for a total value of $14,005,123.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sarah Beshar acquired 2,970 shares of the stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $33.32 per share, for a total transaction of $98,960.40. Following the purchase, the director now directly owns 8,837 shares in the company, valued at $294,448.84. The disclosure for this purchase can be found here. Insiders have sold a total of 452,860 shares of company stock worth $15,011,173 over the last 90 days. 1.80% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Sciencast Management LP Takes Position in Invesco (NYSE:IVZ)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/07/sciencast-management-lp-invests-748000-in-invesco-ltd-ivz.html.

Invesco Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.

Institutional Ownership by Quarter for Invesco (NYSE:IVZ)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply