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17 October 2019 05:55

Neil Woodford Investment fund Finance

Shell Asset Management Co. Has $2.79 Million Holdings in Invesco Ltd.

Launched in April 2007, Invesco India Midcap Fund featured in the top 30 percentile of the mid-cap category in CRISIL Mutual Fund Ranking (CMFR) for the last three quarters ended March 2019. The month-end assets under management (AUM) of the fund increased over two times, from Rs 128 crore in May 2016 to Rs 369 crore in April 2019. One of the world's leading investment managers has announced plans to expand its global headquarters in Atlanta. The company, which has been headquartered in Atlanta since 2007, plans to add 500 jobs and invest $70 million as part of the project. To accommodate the additional employees and further strengthen its presence in Atlanta, officials say Invesco will move to a new building in Midtown Union currently under development and scheduled for completion in August 2022.

Invesco, the sixth-largest U.S. retail asset manager and 13th-largest investment manager globally, employs more than 650 professionals in Atlanta and has more than 8,000 employees in 25 countries. David Kathman, mutual fund analyst at Morningstar says, one of the firm's strengths for many years is in international investing. Shell Asset Management Co. increased its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 385.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,277 shares of the asset manager's stock after purchasing an additional 114,575 shares during the period.

Shell Asset Management Co.'s holdings in Invesco were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Parallel Advisors LLC grew its position in shares of Invesco by 58.8% in the first quarter. Parallel Advisors LLC now owns 1,436 shares of the asset manager's stock valued at $28,000 after purchasing an additional 532 shares during the period. CSat Investment Advisory L.P. grew its position in shares of Invesco by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,103 shares of the asset manager's stock valued at $35,000 after purchasing an additional 1,231 shares during the period.

Quadrant Capital Group LLC grew its position in shares of Invesco by 46.2% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the asset manager's stock valued at $38,000 after purchasing an additional 699 shares during the period. Rational Advisors LLC boosted its position in Invesco by 411.3% during the fourth quarter. Rational Advisors LLC now owns 2,536 shares of the asset manager's stock worth $42,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its position in Invesco by 30.3% during the fourth quarter.

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Oakworth Capital Inc. now owns 2,882 shares of the asset manager's stock worth $48,000 after acquiring an additional 670 shares during the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors. In related news, Director Rod Canion purchased 10,000 shares of Invesco stock in a transaction dated Monday, May 13th. Jefferies Financial Group lowered shares of Invesco from a "buy" rating to a "hold" rating and lowered their price target for the stock from $24.00 to $23.00 in a research report on Friday. Zacks Investment Research lowered shares of Invesco from a "buy" rating to a "hold" rating in a research report on Wednesday, May 22nd. UBS Group lowered shares of Invesco from a "neutral" rating to a "sell" rating and set a $18.00 price target on the stock. William Blair restated a "market perform" rating on shares of Invesco in a research report on Thursday, April 25th. Finally, Wells Fargo & Co boosted their target price on shares of Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of "Hold" and a consensus target price of $22.09. Invesco stock opened at $20.58 on Monday. Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. On average, research analysts forecast that Invesco Ltd. will post 2.32 EPS for the current year. The correct version of this article can be viewed at -asset-management-co-has-2-79-million-holdings-in-invesco-ltd-ivz.html. Invesco Ltd. is a publicly owned investment manager. Invesco IVZ has completed the acquisition of MassMutual's asset management unit, OppenheimerFunds, Inc. The deal, announced in October 2018, significantly boosted the company's assets under management (AUM), bringing total AUM to around $1.2 trillion. Following the completion, Invesco has become one of the leading global investment managers. Flanagan, president and CEO of Invesco, said, "We will leverage the combined firm's highly talented team of professionals, expanded set of capabilities and deep global presence to continue providing tailored solutions that help our clients around the world achieve their investment objectives." As a result of such a deal arrangement, now MassMutual is a significant stakeholder in Invesco, with nearly 15.7% holdings in the common stock. Currently, Invesco carries a Zacks Rank #3 (Hold). In March, Oaktree Capital Group, LLC OAK announced a deal, wherein Brookfield Asset Management Inc will acquire nearly 62% stake in the former. Moreover, this Zacks Rank #1 (Strong Buy) stock has rallied 10.9% so far this year. You can seethe complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Cohen & Steers Inc (CNS): Free Stock Analysis Report (IVZ): Free Stock Analysis Report (BLK): Free Stock Analysis Report Oaktree Capital Group, LLC (OAK): Free Stock Analysis Report Zacks Investment Research