Ares Capital (ARCC) Holder Ares Management Has Trimmed Its Position as Share Value Rose; Connor Clark & Lunn Investment Management LTD Has Upped Invesco LTD (IVZ) Position by $3.07 Million

April 20, 2018 - By Winifred Garcia

Invesco Ltd. (NYSE:IVZ) Logo

Connor Clark & Lunn Investment Management Ltd increased its stake in Invesco Ltd. (IVZ) by 81.41% based on its latest 2017Q4 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd bought 85,200 shares as the company’s stock declined 14.41% with the market. The institutional investor held 189,850 shares of the investment managers company at the end of 2017Q4, valued at $6.94M, up from 104,650 at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Invesco Ltd. for a number of months, seems to be bullish on the $12.75B market cap company. The stock decreased 0.58% or $0.18 during the last trading session, reaching $31.04. About 649,831 shares traded. Invesco Ltd. (NYSE:IVZ) has risen 4.53% since April 20, 2017 and is uptrending. It has underperformed by 7.02% the S&P500.

Ares Management Llc decreased its stake in Ares Capital Corp (ARCC) by 3.13% based on its latest 2017Q4 regulatory filing with the SEC. Ares Management Llc sold 65,183 shares as the company’s stock rose 0.32% while stock markets declined. The institutional investor held 2.02 million shares of the company at the end of 2017Q4, valued at $31.70 million, down from 2.08M at the end of the previous reported quarter. Ares Management Llc who had been investing in Ares Capital Corp for a number of months, seems to be less bullish one the $6.81 billion market cap company. It closed at $15.97 lastly. It is down 8.33% since April 20, 2017 and is downtrending. It has underperformed by 19.88% the S&P500.

Among 18 analysts covering Ares Capital (NASDAQ:ARCC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Ares Capital had 27 analyst reports since August 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, November 14. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, August 3 report. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Outperform” rating given on Thursday, October 1 by Macquarie Research. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Hold” rating given on Friday, October 6 by BMO Capital Markets. The firm has “Buy” rating given on Friday, August 21 by Citigroup. As per Wednesday, June 14, the company rating was maintained by Keefe Bruyette & Woods. Barclays Capital maintained it with “Overweight” rating and $16 target in Thursday, February 25 report. The stock of Ares Capital Corporation (NASDAQ:ARCC) has “Buy” rating given on Thursday, November 2 by Jefferies. The firm earned “Buy” rating on Wednesday, September 30 by DA Davidson. The stock of Ares Capital Corporation (NASDAQ:ARCC) earned “Buy” rating by Jefferies on Tuesday, August 15.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.04, from 0.96 in 2017Q3. It is negative, as 55 investors sold ARCC shares while 108 reduced holdings. 40 funds opened positions while 110 raised stakes. 156.46 million shares or 3.16% less from 161.57 million shares in 2017Q3 were reported. Moreover, Optimum Invest Advsrs has 0.44% invested in Ares Capital Corporation (NASDAQ:ARCC). Seabridge Advsr Limited Com owns 216,015 shares. Raymond James Tru Na reported 11,640 shares. Advisory Rech has invested 0.14% in Ares Capital Corporation (NASDAQ:ARCC). Moreover, State Of Tennessee Treasury Department has 0.01% invested in Ares Capital Corporation (NASDAQ:ARCC). 17,500 were reported by Walter Keenan Fincl Consulting Mi Adv. Boston Private Wealth Ltd holds 0.01% or 20,000 shares. Hightower Advsr Lc holds 0.1% or 805,608 shares in its portfolio. Alpine Woods Capital Invsts Ltd Liability Co invested in 852,900 shares or 0.67% of the stock. Bnp Paribas Arbitrage accumulated 188,628 shares. M&R Capital reported 11,005 shares. Glenmede Trust Na holds 0% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC) for 7,416 shares. Greenwich Mngmt Inc holds 221,670 shares or 4.99% of its portfolio. Cypress Capital Mngmt Limited Liability Company (Wy) invested 0.19% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Waddell & Reed Incorporated has 730,679 shares for 0.03% of their portfolio.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on May, 2 before the open. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. ARCC’s profit will be $157.73 million for 10.79 P/E if the $0.37 EPS becomes a reality. After $0.38 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts -2.63% negative EPS growth.

Ares Management Llc, which manages about $35.87 billion and $3.14B US Long portfolio, upped its stake in Triangle Capital Corp (NYSE:TCAP) by 487,910 shares to 942,770 shares, valued at $8.95 million in 2017Q4, according to the filing.

Since January 23, 2018, it had 5 insider buys, and 0 selling transactions for $447,042 activity. Shares for $47,430 were bought by ROLL PENELOPE F on Thursday, February 15. Arougheti Michael J had bought 25,000 shares worth $390,000 on Thursday, March 15.

Among 17 analysts covering Invesco (NYSE:IVZ), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Invesco had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 27. The stock has “Neutral” rating by Bank of America on Monday, January 8. Citigroup maintained Invesco Ltd. (NYSE:IVZ) rating on Thursday, September 10. Citigroup has “Buy” rating and $48 target. The firm has “Buy” rating given on Tuesday, April 10 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital on Thursday, October 13 with “Overweight”. The stock has “Buy” rating by Deutsche Bank on Friday, September 18. Morgan Stanley maintained it with “Equal-Weight” rating and $40 target in Wednesday, February 7 report. As per Thursday, September 3, the company rating was maintained by Susquehanna. The firm has “Buy” rating given on Monday, July 18 by Deutsche Bank. The firm has “Equal-Weight” rating given on Wednesday, January 3 by Morgan Stanley.

Since February 15, 2018, it had 1 buying transaction, and 3 sales for $14.91 million activity. Beshar Sarah had bought 2,970 shares worth $98,960 on Tuesday, February 27. 5,000 shares valued at $171,550 were sold by Lege Annette on Friday, March 9. CAROME KEVIN M had sold 25,000 shares worth $834,500.

Invesco Ltd. (NYSE:IVZ) Ratings Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>