JPMorgan Chase & Co. Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective decreased by research 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 target price suggests a potential downside of 1.85% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Morgan Stanley cut their price target 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. UBS Group upped their price target on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group decreased their price objective on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invesco from $18.00 to $19.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods reduced their price target on Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.50.

Invesco Trading Up 9.1 %

Shares of IVZ traded up $1.61 during trading hours on Tuesday, reaching $19.36. The stock had a trading volume of 3,510,283 shares, compared to its average volume of 3,471,694. Invesco has a 52 week low of $14.16 and a 52 week high of $19.20. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.70 billion, a P/E ratio of -21.00, a P/E/G ratio of 1.06 and a beta of 1.43. The firm has a 50-day moving average of $17.60 and a 200 day moving average of $17.25.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its holdings in Invesco by 12.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock valued at $1,133,000 after purchasing an additional 8,317 shares during the period. 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 valued at $4,776,000 after purchasing an additional 2,451 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Invesco by 19.3% in the second quarter. Mackenzie Financial Corp now owns 57,647 shares of the asset manager’s stock valued at $862,000 after buying an additional 9,336 shares in the last quarter. Algert Global LLC bought a new stake in shares of Invesco during the 2nd quarter valued at approximately $551,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco by 1.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock worth $1,001,000 after buying 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.