JPMorgan Chase & Co. Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price lowered by research analysts at JPMorgan Chase & Co. from $20.00 to $19.00 in a research note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 0.04% from the company’s previous close.

IVZ has been the topic of several other research reports. Wells Fargo & Company decreased their target price on Invesco from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group decreased their price objective on Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, December 20th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada started coverage on shares of Invesco in a report on Tuesday. They set a “sector perform” rating and a $19.00 target price on the stock. One 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. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and a consensus target price of $19.71.

Invesco Price Performance

Shares of NYSE IVZ opened at $18.99 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The business has a 50-day moving average of $17.67 and a 200-day moving average of $17.28. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of -20.64, a PEG ratio of 1.06 and a beta of 1.43. Invesco has a fifty-two week low of $14.16 and a fifty-two week high of $19.49.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, sell-side analysts predict that Invesco will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Invesco

A number of hedge funds and other institutional investors have recently bought and sold shares of IVZ. Public Sector Pension Investment Board lifted its position in shares of Invesco by 12.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock worth $1,133,000 after buying an additional 8,317 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Invesco by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 319,240 shares of the asset manager’s stock valued at $4,776,000 after acquiring an additional 2,451 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Invesco by 19.3% during the second quarter. Mackenzie Financial Corp now owns 57,647 shares of the asset manager’s stock worth $862,000 after acquiring an additional 9,336 shares during the period. Algert Global LLC purchased a new position in Invesco in the second quarter worth $551,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco by 1.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after purchasing an additional 946 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

About Invesco

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.