BMO Capital Markets Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price objective lowered by stock analysts at BMO Capital Markets from $32.00 to $28.00 in a report issued on Friday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. BMO Capital Markets’ price target would indicate a potential upside of 18.83% from the company’s current price.

Several other research firms have also weighed in on IVZ. Deutsche Bank Aktiengesellschaft raised Invesco from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $31.00 in a research note on Wednesday, December 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price target on Invesco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Barclays cut their price objective on Invesco from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.96.

Invesco Trading Down 0.0%

Shares of IVZ opened at $23.56 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.04. Invesco has a 12-month low of $12.16 and a 12-month high of $29.61. The firm has a market capitalization of $10.45 billion, a PE ratio of -14.73, a price-to-earnings-growth ratio of 0.51 and a beta of 1.66. The stock’s fifty day simple moving average is $24.93 and its 200-day simple moving average is $25.15.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 27th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. Invesco had a positive return on equity of 10.26% and a negative net margin of 6.92%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that Invesco will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IVZ. Capital A Wealth Management LLC increased its position in shares of Invesco by 4,802.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 1,667 shares of the asset manager’s stock worth $26,000 after purchasing an additional 1,633 shares during the last quarter. CNB Bank acquired a new position in shares of Invesco during the 3rd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Invesco during the 3rd quarter worth approximately $30,000. Sentry Investment Management LLC bought a new position in shares of Invesco during the 3rd quarter worth approximately $30,000. Finally, American National Bank & Trust bought a new position in shares of Invesco during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.