Invesco Ltd. recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Invesco was founded in 1935 as H. Lotery & Co. in England. They would begin to expand on a global scale in the 1960s with Invesco Asia-Pacific investments in 1962. In 1978, Invesco would be founded in the United States by a group led by Charles Brady. In 1988, the company merged with Britannia Arrow. This would mark the beginnings of a chain of acquisitions and mergers, with Invesco acquiring Primco Capital Management, CIGNA Funds Group, and AIM Investments in the 1990s. In 2000, Invesco, known as AMVESCAP at that time, purchased Trimark and Perpetual PLC, establishing leading positions in Canada and United Kingdom. Although suffering a minor setback in 2004 due to allegations of improper trading practices, the company would be restored to profitability by Martin Flanagan, succeeding the founder Charles Brady as CEO, and continue to expand on a global scale. In 2007, the company would adopt the name it is known as today, also moving their headquarters from London to Atlanta and, subsequently, their listing to NYSE in the same year with its common stock becoming a constituent of the S&P 500. In 2010, Invesco acquired Morgan Stanley’s retail asset management division, which included Van Kampen Investments, for $1.5 billion. Today Invesco has over 6000 employees with branch offices in 20 countries worldwide. It has recently had a revenue of over $5 million, with total assets equaling over $20 million. It operates under many names, including Trimark, Invesco Perpetual, WL Ross and Powershares. Some of its notable mutual funds include its International and Global Equity, Balanced Global and Target Risk, and Fixed Income International and Us Fixed Income funds. Its ETFs operate under Powershares and some of the most notable ones include DB Silver and Gold, S&P Emerging Markets and International Developed, and International Corporate Bond funds.
As of the latest 13F report, the guru’s equity portfolio contained 3845 stocks valued at a total of $309.08Bil. The top holdings were MSFT(2.41%), AAPL(2.05%), and AMZN(1.44%).
According to GuruFocus data, these were Invesco Ltd.’s top five trades of the quarter.
Invesco DB Energy Fund
Invesco Ltd. reduced their investment in ARCA:DBE by 11,700 shares. The trade had a 0% impact on the equity portfolio. During the quarter, the stock traded for an average price of $24.59.
On 11/15/2022, Invesco DB Energy Fund traded for a price of $25 per share and a market cap of $232.50Mil. The stock has returned 39.28% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Danaher Corp
During the quarter, Invesco Ltd. bought 3,854,995 shares of NYSE:DHR for a total holding of 3,866,145. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $276.14.
On 11/15/2022, Danaher Corp traded for a price of $270.33 per share and a market cap of $196.79Bil. The stock has returned -9.47% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Danaher Corp has a price-earnings ratio of 29.87, a price-book ratio of 4.34, a price-earnings-to-growth (PEG) ratio of 1.58, a EV-to-Ebitda ratio of 19.70 and a price-sales ratio of 6.36.
The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 7.
Exxon Mobil Corp
During the quarter, Invesco Ltd. bought 6,740,997 shares of NYSE:XOM for a total holding of 25,117,309. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $91.3.
On 11/15/2022, Exxon Mobil Corp traded for a price of $114.13 per share and a market cap of $470.02Bil. The stock has returned 82.82% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Exxon Mobil Corp has a price-earnings ratio of 9.32, a price-book ratio of 2.53, a price-earnings-to-growth (PEG) ratio of 46.60, a EV-to-Ebitda ratio of 5.01 and a price-sales ratio of 1.26.
The price-to-GF Value ratio is 1.07, earning the stock a GF Value rank of 5.
Heico Corp
Invesco Ltd. reduced their investment in NYSE:HEI.A by 4,898,735 shares. The trade had a 0.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $120.47.
On 11/15/2022, Heico Corp traded for a price of $124.65 per share and a market cap of $18.93Bil. The stock has returned -8.39% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Heico Corp has a price-earnings ratio of 50.47, a price-book ratio of 6.91, a price-earnings-to-growth (PEG) ratio of 6.39, a EV-to-Ebitda ratio of 33.70 and a price-sales ratio of 8.16.
The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 6.
Meta Platforms Inc
During the quarter, Invesco Ltd. bought 3,398,759 shares of NAS:META for a total holding of 16,918,860. The trade had a 0.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $162.08.
On 11/15/2022, Meta Platforms Inc traded for a price of $117.08 per share and a market cap of $310.44Bil. The stock has returned -66.31% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Meta Platforms Inc has a price-earnings ratio of 11.16, a price-book ratio of 2.51, a price-earnings-to-growth (PEG) ratio of 0.42, a EV-to-Ebitda ratio of 6.60 and a price-sales ratio of 2.64.
The price-to-GF Value ratio is 0.30, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
