Visionary Asset Management Has Decreased Invesco LTD (IVZ) Stake; Saba Capital Management LP Lowered By $4.45 Million Its Deutsche Multi (KMM) Stake

October 13, 2017 - By Michael Collier

Saba Capital Management Lp decreased Deutsche Multi (KMM) stake by 28.34% reported in 2017Q2 SEC filing. Saba Capital Management Lp sold 555,628 shares as Deutsche Multi (KMM)’s stock rose 1.50%. The Saba Capital Management Lp holds 1.41M shares with $12.37 million value, down from 1.96M last quarter. Deutsche Multi now has $199.52 million valuation. The stock 0.02% or $0 on October 13, reaching $8.91. It is down 7.73% since October 13, 2016 and is uptrending. It has underperformed by 8.97% the S&P500.

Visionary Asset Management Inc decreased Invesco Ltd (IVZ) stake by 9.34% reported in 2017Q2 SEC filing. Visionary Asset Management Inc sold 9,511 shares as Invesco Ltd (IVZ)’s stock declined 2.83%. The Visionary Asset Management Inc holds 92,348 shares with $3.25M value, down from 101,859 last quarter. Invesco Ltd now has $14.71 billion valuation. The stock rose 0.28% or $0.1 reaching $36.25. About 3.28M shares traded or 37.82% up from the average. Invesco Ltd. (NYSE:IVZ) has risen 9.83% since October 13, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.

Saba Capital Management Lp increased Genworth Finl Inc (NYSE:GNW) stake by 1.10 million shares to 3.69 million valued at $13.92 million in 2017Q2. It also upped Hertz Global Hldgs Inc stake by 602,977 shares and now owns 1.10 million shares. Supervalu Inc (NYSE:SVU) was raised too.

Among 14 analysts covering Invesco (NYSE:IVZ), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Invesco had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Friday, October 14. The stock of Invesco Ltd. (NYSE:IVZ) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. Deutsche Bank maintained the stock with “Buy” rating in Friday, January 8 report. Goldman Sachs upgraded Invesco Ltd. (NYSE:IVZ) on Wednesday, March 15 to “Conviction Buy” rating. Citigroup downgraded the stock to “Neutral” rating in Monday, June 27 report. The stock has “Buy” rating by Jefferies on Friday, July 7. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, September 1 report. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Monday, July 18. Deutsche Bank has “Buy” rating and $33 target. The stock of Invesco Ltd. (NYSE:IVZ) earned “Buy” rating by Citigroup on Thursday, September 10. The rating was maintained by RBC Capital Markets on Friday, January 29 with “Outperform”.

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.01, from 1.05 in 2017Q1. It improved, as 38 investors sold IVZ shares while 180 reduced holdings. 77 funds opened positions while 154 raised stakes. 302.91 million shares or 0.78% less from 305.30 million shares in 2017Q1 were reported. Veritable LP holds 0.01% or 11,997 shares in its portfolio. First Citizens Bank & Trust And Tru Co, a North Carolina-based fund reported 9,521 shares. Dnb Asset Mgmt As has invested 0% in Invesco Ltd. (NYSE:IVZ). Stoneridge Prtnrs Ltd Liability Corporation holds 0.05% in Invesco Ltd. (NYSE:IVZ) or 10,131 shares. Teacher Retirement Of Texas owns 34,553 shares for 0.01% of their portfolio. Pacad Invest owns 40,400 shares. Cibc Asset Mgmt invested in 0.02% or 88,582 shares. Dreman Value L L C owns 13,455 shares. Raymond James Fincl Advisors invested 0% in Invesco Ltd. (NYSE:IVZ). Aqr Cap Limited Liability Company holds 0.06% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 1.34 million shares. Caisse De Depot Et Placement Du Quebec holds 0.01% of its portfolio in Invesco Ltd. (NYSE:IVZ) for 77,421 shares. Susquehanna Intl Grp Llp holds 0% or 134,100 shares. Clearbridge Investments Ltd Limited Liability Company has invested 0.07% in Invesco Ltd. (NYSE:IVZ). Nuveen Asset Mgmt Ltd Llc has 0% invested in Invesco Ltd. (NYSE:IVZ). Td Asset has 0.01% invested in Invesco Ltd. (NYSE:IVZ) for 136,072 shares.

Since May 2, 2017, it had 0 insider buys, and 1 sale for $1.94 million activity. Taylor Philip also sold $1.94M worth of Invesco Ltd. (NYSE:IVZ) shares.

Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on October, 26. They expect $0.64 EPS, up 6.67% or $0.04 from last year’s $0.6 per share. IVZ’s profit will be $259.71 million for 14.16 P/E if the $0.64 EPS becomes a reality. After $0.64 actual EPS reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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