Invesco (NYSE:IVZ) Given New $25.00 Price Target at JPMorgan Chase & Co.

Invesco (NYSE:IVZ) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $30.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.75% from the stock’s previous close.

Several other equities analysts have also recently commented on IVZ. Weiss Ratings reissued a “hold (c+)” rating on shares of Invesco in a research report on Monday, December 29th. Evercore set a $27.00 price objective on shares of Invesco in a research report on Friday, April 10th. The Goldman Sachs Group decreased their price objective on shares of Invesco from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Barclays reaffirmed a “negative” rating on shares of Invesco in a research report on Friday, April 17th. Finally, Argus set a $31.00 price objective on shares of Invesco in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.11.

Invesco Stock Up 1.3%

IVZ stock traded up $0.34 during midday trading on Friday, hitting $25.71. The company’s stock had a trading volume of 3,394,263 shares, compared to its average volume of 5,875,102. 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 52-week low of $13.46 and a 52-week high of $29.61. The firm has a market capitalization of $11.41 billion, a P/E ratio of -16.06, a PEG ratio of 0.63 and a beta of 1.66. The firm has a 50-day simple moving average of $24.59 and a 200-day simple moving average of $25.24.

Invesco (NYSE:IVZ) last issued its quarterly 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 negative net margin of 6.92% and a positive return on equity of 10.26%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company posted $0.52 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Invesco will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Invesco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CNB Bank acquired a new stake in Invesco during the 3rd quarter worth $26,000. American National Bank & Trust acquired a new stake in Invesco during the 4th quarter worth $31,000. SJS Investment Consulting Inc. raised its stake in Invesco by 80.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,207 shares of the asset manager’s stock worth $29,000 after acquiring an additional 537 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Invesco during the 3rd quarter worth $30,000. Finally, Root Financial Partners LLC acquired a new stake in Invesco during the 3rd quarter worth $30,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

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.