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

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

IVZ has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped 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. Evercore ISI boosted their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Barclays reduced their price target on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Morgan Stanley lowered their price objective on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, UBS Group increased their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.71.

Invesco Stock Down 1.8 %

NYSE IVZ opened at $18.99 on Tuesday. Invesco has a 12 month low of $14.16 and a 12 month high of $19.49. The company has a market capitalization of $8.54 billion, a P/E ratio of -20.64, a PEG ratio of 1.06 and a beta of 1.43. The company’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $17.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Invesco will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Invesco

A number of large investors have recently bought and sold shares of the business. Harmony Asset Management LLC increased its position in Invesco by 1.0% in the 3rd quarter. Harmony Asset Management LLC now owns 61,400 shares of the asset manager’s stock valued at $1,078,000 after acquiring an additional 600 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Invesco by 4.5% in the third quarter. Centennial Wealth Advisory LLC now owns 19,095 shares of the asset manager’s stock valued at $335,000 after acquiring an additional 816 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Invesco by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after purchasing an additional 946 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Invesco by 9.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,149 shares of the asset manager’s stock valued at $248,000 after purchasing an additional 1,167 shares during the period. 66.09% of the stock is currently owned by institutional investors.

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.