Invesco (NYSE:IVZ) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Invesco from $30 to $25 and kept a "neutral" rating, implying about a 2.75% downside from the prior close.
• Analyst sentiment is mixed: 5 Buys and 10 Holds among 15 analysts, with an average price target of $27.11 and a consensus rating of "Hold".
• Invesco reported quarterly EPS of $0.62 (beating estimates by $0.04) and revenue of $1.26 billion; the stock traded around $25.71 with a market cap of $11.41B and a negative P/E of -16.06.

Invesco (NYSE:IVZ - Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $30.00 to $25.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the asset manager's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 2.75% from the company's previous close.

A number of other analysts also recently commented on the stock. BMO Capital Markets cut their price objective on shares of Invesco from $32.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, April 10th. Barclays reiterated a "negative" rating on shares of Invesco in a report on Friday, April 17th. Weiss Ratings restated a "hold (c+)" rating on shares of Invesco in a report on Monday, December 29th. TD Cowen restated a "buy" rating on shares of Invesco in a report on Thursday, April 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $31.00 price target on shares of Invesco in a report on Tuesday. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.11.

Invesco Price Performance

Invesco stock traded up $0.34 during midday trading on Friday, reaching $25.71. The company had a trading volume of 3,394,263 shares, compared to its average volume of 5,875,102. The company has a market capitalization of $11.41 billion, a P/E ratio of -16.06, a P/E/G ratio of 0.63 and a beta of 1.66. Invesco has a 12-month low of $13.46 and a 12-month high of $29.61. The firm's fifty day simple moving average is $24.59 and its 200-day simple moving average is $25.24. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The asset manager reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Invesco had a negative net margin of 6.92% and a positive return on equity of 10.26%. Invesco's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities analysts anticipate that Invesco will post 2.51 EPS for the current year.

Hedge Funds Weigh In On Invesco

Hedge funds have recently made changes to their positions in the stock. CNB Bank purchased a new position in shares of Invesco during the 3rd quarter worth approximately $26,000. American National Bank & Trust purchased a new position in shares of Invesco during the 4th quarter worth approximately $31,000. SJS Investment Consulting Inc. boosted its position in shares of 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 purchasing an additional 537 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Invesco during the 3rd quarter worth approximately $30,000. Finally, Root Financial Partners LLC purchased a new position in Invesco in the 3rd quarter valued at approximately $30,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.