JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Invesco (NYSE:IVZ) Stock

Invesco (NYSE:IVZ) had its target price increased by analysts at JPMorgan Chase & Co. from $27.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 4.03% from the company’s current price.

IVZ has been the subject of several other research reports. Morgan Stanley upped their price objective on Invesco from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Wall Street Zen raised shares of Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Barclays boosted their price objective on shares of Invesco from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada raised their target price on Invesco from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Finally, Cowen reissued a “buy” rating on shares of Invesco in a research note on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.73.

Invesco Price Performance

Invesco stock traded down $0.60 during mid-day trading on Tuesday, reaching $28.84. The company had a trading volume of 1,021,402 shares, compared to its average volume of 5,483,034. The business has a fifty day simple moving average of $26.09 and a 200 day simple moving average of $23.24. The company has a market cap of $12.84 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.50 and a beta of 1.65. Invesco has a fifty-two week low of $11.60 and a fifty-two week high of $29.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85.

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

Insider Transactions at Invesco

In other Invesco news, Director Douglas J. Sharp sold 160,000 shares of Invesco stock in a transaction on Friday, October 31st. The shares were sold at an average price of $23.56, for a total value of $3,769,600.00. Following the completion of the sale, the director directly owned 192 shares of the company’s stock, valued at approximately $4,523.52. The trade was a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Invesco

Several hedge funds and other institutional investors have recently modified their holdings of IVZ. CNB Bank acquired a new stake in Invesco in the 3rd quarter valued at $26,000. Sentry Investment Management LLC bought a new stake in shares of Invesco during the third quarter worth about $30,000. Root Financial Partners LLC acquired a new stake in shares of Invesco in the 3rd quarter worth about $30,000. Larson Financial Group LLC lifted its position in Invesco by 61.5% in the 3rd 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 in the last quarter. Finally, Quent Capital LLC bought a new position in Invesco in the 3rd quarter valued at about $37,000. Institutional investors 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.