Invesco (NYSE:IVZ) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Invesco (NYSE:IVZ) had its price objective boosted by JPMorgan Chase & Co. from $27.00 to $30.00 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the asset manager’s stock.

Several other equities research analysts also recently commented on IVZ. Morgan Stanley upped their target price on shares of Invesco from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Fundamental Research set a $27.00 price objective on shares of Invesco in a research report on Friday, October 31st. The Goldman Sachs Group set a $28.75 price objective on Invesco in a research note on Thursday, January 15th. Cowen reissued a “buy” rating on shares of Invesco in a research note on Tuesday, January 13th. Finally, Barclays increased their price target on Invesco from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Invesco presently has a consensus rating of “Hold” and an average price target of $25.73.

Invesco Trading Down 5.2%

NYSE:IVZ opened at $27.90 on Tuesday. Invesco has a 1-year low of $11.60 and a 1-year high of $29.51. The business’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $23.32. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.50 and a beta of 1.65.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.17. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Invesco had a return on equity of 9.11% and a net margin of 14.15%.The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. On average, equities analysts expect that Invesco will post 1.87 earnings per share for the current year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. Invesco’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the sale, the director owned 192 shares in the company, valued at approximately $4,523.52. The trade was a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.21% of the company’s stock.

Institutional Trading of Invesco

A number of institutional investors have recently made changes to their positions in the business. CNB Bank bought a new position in Invesco in the third quarter valued at $26,000. American National Bank & Trust acquired a new position in shares of Invesco during the 4th quarter worth about $31,000. Sentry Investment Management LLC acquired a new position in shares of Invesco during the 3rd quarter worth about $30,000. Root Financial Partners LLC bought a new position in shares of Invesco in the 3rd quarter valued at about $30,000. Finally, Larson Financial Group LLC increased its position in shares of Invesco by 61.5% in the third quarter. Larson Financial Group LLC now owns 1,466 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 558 shares during the last quarter. Institutional investors own 66.09% of the company’s stock.

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.