Invesco (NYSE:IVZ) Price Target Lowered to $19.00 at JPMorgan Chase & Co.

Invesco (NYSE:IVZ) had its price objective lowered by equities 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 target points to a potential downside of 1.85% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. UBS Group upped their target price on shares of Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lowered their price target on Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Invesco currently has an average rating of “Hold” and an average target price of $18.50.

Invesco Stock Performance

Shares of Invesco stock traded up $1.61 during trading on Tuesday, reaching $19.36. The company’s stock had a trading volume of 3,510,283 shares, compared to its average volume of 3,471,694. Invesco has a one year low of $14.16 and a one year high of $19.20. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of -21.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. The business’s fifty day moving average price is $17.60 and its 200-day moving average price is $17.25.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping the consensus estimate 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, equities research analysts predict that Invesco will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Invesco

Several large investors have recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its position in Invesco by 12.3% in the second quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock valued at $1,133,000 after buying an additional 8,317 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Invesco by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 319,240 shares of the asset manager’s stock worth $4,776,000 after acquiring an additional 2,451 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Invesco by 19.3% in the 2nd 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 in the last quarter. Algert Global LLC acquired a new stake in Invesco during the 2nd quarter valued at $551,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after buying an additional 946 shares in 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.