Invesco European Growth Fund (Trades, Portfolio) added to more than four dozen holdings in its portfolio in the quarter ended April 30, and investment and financial services companies were among the fund’s leading acquisitions.
Invesco raised its position in Roche Holding AG (XSWX:ROG, Financial), a Swiss pharmaceutical company, by nearly 42% with the purchase of 42,792 shares for an average price of CHF247.71 ($253.15 in U.S. currency) per share. The deal had a 0.74% impact on Invesco’s portfolio.
Invesco now has a 145,445-share stake in Roche Holding, which is 0.02% of Roche’s outstanding shares and 2.53% of Invesco’s total assets. Roche’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 10,138,277 shares. The stake is 1.19% of Roche’s outstanding shares and 2.59% of PRIMECAP’s total assets.
Roche has a P/E of 25.5, a forward P/E of 16.8, a P/B of 10.6 and a P/S of 4.5. GuruFocus gives Roche a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10 with ROE of 46.10% that is higher than 98% of the companies in the Global Biotechnology industry and ROA of 12.07% that is higher than 92% of the companies in that industry.
Roche sold for CHF256.1 ($261.73 in American money) per share when markets opened Friday. The DCF Calculator gives Roche a fair value of CHF110.01.
Invesco boosted its stake in Investor AB (OSTO:INVE B), a Stockholm-based investment company, by almost 22% with the acquisition of 137,707 shares for an average price of Kr287.51 ($33.91 in American currency) per share. The transaction had a 0.35% impact on Invesco’s portfolio.
Invesco’s stake, now 769,522 shares, is 0.1% of Investor’s outstanding shares and 1.94% of Invesco’s total assets. Martin Whitman (Trades, Portfolio) is Investor’s leading shareholder among the gurus with a stake of 938,961 shares. The stake is 0.12% of Investor’s outstanding shares and 2.86% of Whitman’s total assets.
Investor has a P/B of 0.8 and a P/S of 11.6. GuruFocus gives Investor a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10 with ROE of -9.18% that is lower than 82% of the companies in the Global Asset Management industry and ROA of -7.79% that is lower than 83% of the companies in that industry.
Investor sold for Kr280.9 ($33.13 in U.S. money) per share when markets opened Friday. The DCF Calculator gives Investor a fair value of Kr-369.63.
Invesco hiked its stake in Haci Omer Sabanci Holding AS (IST:SAHOL, Financial), an Istanbul-based industrial and financial conglomerate, by almost 14% with the purchase of 1,328,978 shares for an average price of ₺9.25 ($3.20 in U.S. currency) per share. The deal had a 0.33% impact on Invesco’s portfolio.
The stake, now 11,153,719 shares, is 0.55% of Sabanci’s outstanding shares and 2.77% of Invesco’s total assets. Invesco is Sabanci’s only shareholder among the gurus.
Sabanci has a P/E of 1.47, a P/B of 0.9 and a P/S of 0.9. GuruFocus gives Sabanci a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10 with ROE of 10.94 that is higher than 68% of the companies in the Global Banks – Regional – Europe industry and ROA of 0.86 that is lower than 51% of the companies in that industry.
Sabanci sold for ₺9.42 ($3.26 in American money) per share when markets opened Friday. The DCF Calculator gives Sabanci a fair value of ₺64.1 with an 85% margin of safety.
Invesco raised its position in SAP SE (XTER:SAP, Financial), a German software company, by more than 18% with the purchase of 59,953 shares for an average price of €69.69 ($77.38 in American currency) per share. The transaction had a 0.32% impact on Invesco’s portfolio.
The stake, now 391,019 shares, is 0.03% of SAP’s outstanding shares and 2.11% of Invesco’s total assets. SAP’s leading shareholder among the gurus is Causeway International Value (Trades, Portfolio) with a stake of 1,079,086 shares. The stake is 0.09% of SAP’s outstanding shares and 1.68% of Causeway’s total assets.
SAP has a P/E of 25, a forward P/E of 16.7, a P/B of 3.5 and a P/S of 3.8. GuruFocus gives SAP a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10 with ROE of 14.54% that is higher than 75% of the companies in the Global Software – Application industry and ROA of 7.67% that is higher than 74% of the companies in that industry.
SAP sold for €67.16 ($74.57 in U.S. money) per share when markets opened Friday. The DCF Calculator gives SAP a fair value of €36.58.
Invesco increased its position in Allianz SE (XTER:ALV, Financial), a financial services company based in Munich, by more than 16% with the acquisition of 24,158 shares for an average price of €141.83 ($157.49 in U.S. currency) per share. The deal had a 0.28% impact on Invesco’s portfolio.
Invesco’s holding is now 174,854 shares, which is 0.04% of Allianz’s outstanding shares and 2.05% of Invesco’s total assets. David Herro (Trades, Portfolio) is Allianz’s leading shareholder among the gurus with a stake of 4,253,000 shares. The stake is 0.94% of Allianz’s outstanding shares and 2.76% of Herro’s total assets.
Allianz has a P/E of 8.8, a forward P/E of 8.7, a P/B of 0.9 and a P/S of 0.5. GuruFocus gives Allianz a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10 with ROE of 10.53% that is higher than 60% of the companies in the Global Insurance – Diversified industry and ROA of 0.79% that is lower than 67% of the companies in that industry.
Allianz sold for €127.8 ($141.91 in American money) per share when markets opened Friday. The DCF Calculator gives Allianz a fair value of €155.49 with an 18% margin of safety.
Invesco hiked its stake in Bollore SA (XPAR:BOL), a French investment and industrial holding group, by nearly 35% with the purchase of 1,004,284 shares for an average price of €3.55 ($3.94 American currency) per share. The transaction had a 0.28% impact on Invesco’s portfolio.
The stake, now 3,906,484 shares, is 0.14% of Bollore’s outstanding shares and 1.07% of Invesco’s total assets. Charles de Vaulx (Trades, Portfolio) is Bollore’s leading shareholder among the gurus with a stake of 17,360,230 shares. The stake is 0.6% of Bollore’s outstanding shares and 1.53% of de Vaulx’s total assets.
Bollore has a P/E of 15.2, a P/B of 0.9 and a P/S of 0.8. GuruFocus gives Bollore a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10 with ROE of 5.87% that is lower than 56% of the companies in the Global Integrated Shipping & Logistics industry and ROA of 2.56% that is lower than 54% of the companies in that industry.
Bollore sold for €3.05 ($3.39 in U.S. money) per share when markets opened Friday. The DCF Calculator gives Bollore a fair value of €2.14.
Invesco added to its position in Cie Financiere Richemont SA (XSWX:CFR), a Swiss luxury goods holding company, by nearly 40% with the purchase of 61,821 shares for an average price of CHF64.04 ($65.45 in U.S. currency) per share. The deal had a 0.28% impact on Invesco’s portfolio.
The stake, now 217,978, is 0.04% of the Richemont’s outstanding shares and 1% of Invesco’s total assets. Cie Financiere Richemont’s leading shareholder among the gurus is Herro with a stake of 8,572,000 shares. The stake is 1.52% of Richemont’s outstanding shares and 2.26% of Herro’s total assets.
Richemont has a P/E of 13.2, a forward P/E of 17.7, a P/B of 2 and a P/S of 2.7. GuruFocus gives Richemont a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10 with ROE of 15.49% that is higher than 77% of the companies in the Global Luxury Goods industry and ROA of 11.34% that is higher than 87% of the companies in that industry.
Richemont sold for CHF56.75 ($57.99 in American money) per share when markets opened Friday. The DCF Calculator gives Richemont a fair value of CHF34.93.
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