JPMorgan Chase & Co. Lowers Invesco (NYSE:IVZ) Price Target to $25.00

Invesco (NYSE:IVZ) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $30.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 2.18% from the company’s previous close.

A number of other research firms have also recently issued reports on IVZ. TD Cowen restated a “buy” rating on shares of Invesco in a report on Thursday, April 9th. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 price target on shares of Invesco in a report on Tuesday. Argus set a $31.00 price target on Invesco in a report on Wednesday, January 28th. Evercore set a $27.00 price target on Invesco in a report on Friday, April 10th. Finally, Zacks Research cut Invesco from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.11.

Invesco Stock Performance

Shares of IVZ stock opened at $25.56 on Friday. The business’s 50 day simple moving average is $24.57 and its 200 day simple moving average is $25.26. Invesco has a one year low of $13.46 and a one year high of $29.61. The stock has a market capitalization of $11.34 billion, a PE ratio of -15.97, a PEG ratio of 0.63 and a beta of 1.66. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.38 and a quick ratio of 1.38.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 27th. The asset manager reported $0.62 EPS 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Invesco will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently modified their holdings of the business. Keybank National Association OH raised its position in shares of Invesco by 22.6% during the first quarter. Keybank National Association OH now owns 21,037 shares of the asset manager’s stock worth $511,000 after purchasing an additional 3,873 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Invesco by 80.1% during the first quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after purchasing an additional 537 shares during the period. EWA LLC raised its position in shares of Invesco by 3.8% during the first quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after purchasing an additional 452 shares during the period. Patton Fund Management Inc. raised its position in shares of Invesco by 9.3% during the first quarter. Patton Fund Management Inc. now owns 9,891 shares of the asset manager’s stock worth $240,000 after purchasing an additional 844 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Invesco by 147.7% during the first quarter. Janney Montgomery Scott LLC now owns 82,708 shares of the asset manager’s stock worth $2,009,000 after purchasing an additional 49,319 shares during the period. 66.09% of the stock is currently owned by institutional investors.

About Invesco

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.