Peapack Gladstone Financial Lowered Invesco Limited (IVZ) Holding; Simpson Manufacturing Company (SSD) Shorts Down By 2.41%

December 11, 2017 - By Stephen Andrade

Peapack Gladstone Financial Corp decreased Invesco Limited (IVZ) stake by 4.67% reported in 2017Q2 SEC filing. Peapack Gladstone Financial Corp sold 4,970 shares as Invesco Limited (IVZ)’s stock declined 2.83%. The Peapack Gladstone Financial Corp holds 101,565 shares with $3.57B value, down from 106,535 last quarter. Invesco Limited now has $15.34 billion valuation. The stock increased 0.88% or $0.33 during the last trading session, reaching $37.67. About 1.49 million shares traded. Invesco Ltd. (NYSE:IVZ) has risen 9.83% since December 11, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.

Simpson Manufacturing Company Incorporated (NYSE:SSD) had a decrease of 2.41% in short interest. SSD’s SI was 1.51M shares in December as released by FINRA. Its down 2.41% from 1.55M shares previously. With 258,300 avg volume, 6 days are for Simpson Manufacturing Company Incorporated (NYSE:SSD)’s short sellers to cover SSD’s short positions. The SI to Simpson Manufacturing Company Incorporated’s float is 3.57%. The stock decreased 0.96% or $0.58 during the last trading session, reaching $59.85. About 193,626 shares traded. Simpson Manufacturing Co., Inc. (NYSE:SSD) has risen 9.03% since December 11, 2016 and is uptrending. It has underperformed by 7.67% the S&P500.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, makes, and sells building construction products. The company has market cap of $2.83 billion. The firm offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications. It has a 29.5 P/E ratio. It also provides wood shrinkage compensating devices; ornamental product line; cold formed steel connections; structural screws for wood, metal, and composite decking applications; and mechanical anchors for use in hollow wall conditions and for overhead applications.

Among 3 analysts covering Simpson Manufacturing (NYSE:SSD), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Simpson Manufacturing had 4 analyst reports since September 9, 2016 according to SRatingsIntel. The rating was upgraded by Robert W. Baird to “Outperform” on Tuesday, October 31. The rating was upgraded by DA Davidson to “Buy” on Tuesday, October 31. Sidoti initiated the stock with “Neutral” rating in Friday, September 9 report. Robert W. Baird maintained the shares of SSD in report on Thursday, October 19 with “Hold” rating.

Investors sentiment increased to 1.45 in Q2 2017. Its up 0.20, from 1.25 in 2017Q1. It increased, as 16 investors sold Simpson Manufacturing Co., Inc. shares while 46 reduced holdings. 26 funds opened positions while 64 raised stakes. 38.46 million shares or 0.47% less from 38.64 million shares in 2017Q1 were reported. Citadel Advisors holds 0.01% of its portfolio in Simpson Manufacturing Co., Inc. (NYSE:SSD) for 248,332 shares. Advisory Svcs Ntwk invested 0% of its portfolio in Simpson Manufacturing Co., Inc. (NYSE:SSD). Piedmont Advisors Ltd Limited Liability Company owns 8,758 shares for 0.01% of their portfolio. Mason Street Ltd Liability Co reported 0.01% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Caxton Assocs Lp reported 12,977 shares. Tiaa Cref Invest Mgmt Ltd Liability Com, New York-based fund reported 149,644 shares. First Manhattan Co holds 0% or 600 shares. Bessemer Inc reported 0% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Northern has invested 0.02% in Simpson Manufacturing Co., Inc. (NYSE:SSD). Verity Asset Mngmt, North Carolina-based fund reported 4,682 shares. Oppenheimer Asset Mgmt reported 68 shares or 0% of all its holdings. Menta Cap holds 0.13% in Simpson Manufacturing Co., Inc. (NYSE:SSD) or 25,437 shares. 200 were reported by Hanson Mcclain. 32,943 are held by Morgan Dempsey Cap Management Limited Liability Corp. Profund Lc reported 7,804 shares.

Since June 16, 2017, it had 0 insider purchases, and 2 insider sales for $4.39 million activity. Another trade for 33,581 shares valued at $1.46 million was made by SIMPSON PSB FUND on Friday, June 16. 67,163 shares valued at $2.93 million were sold by SIMPSON SHARON H on Friday, June 16.

Among 14 analysts covering Invesco (NYSE:IVZ), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Invesco had 67 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Wednesday, October 7 report. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Overweight” rating by Barclays Capital on Thursday, October 13. The firm has “Neutral” rating given on Thursday, June 2 by UBS. Deutsche Bank maintained the stock with “Buy” rating in Monday, July 18 report. The stock of Invesco Ltd. (NYSE:IVZ) has “Neutral” rating given on Monday, October 2 by UBS. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, May 29. The rating was upgraded by Citigroup on Monday, June 5 to “Buy”. The rating was maintained by Citigroup on Tuesday, October 3 with “Buy”. RBC Capital Markets maintained Invesco Ltd. (NYSE:IVZ) rating on Monday, October 2. RBC Capital Markets has “Buy” rating and $40.0 target.

Analysts await Invesco Ltd. (NYSE:IVZ) to report earnings on January, 25. They expect $0.69 EPS, up 16.95% or $0.10 from last year’s $0.59 per share. IVZ’s profit will be $280.89M for 13.65 P/E if the $0.69 EPS becomes a reality. After $0.71 actual EPS reported by Invesco Ltd. for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.

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