JPMorgan Chase & Co. Issues Pessimistic Forecast for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its price target trimmed by JPMorgan Chase & Co. from $20.00 to $19.00 in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the asset manager’s stock.

Other equities analysts have also issued research reports about the company. Barclays cut their target price on Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group lifted their price objective on shares of Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company decreased their price objective on shares of Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, December 20th. Finally, Evercore ISI boosted their price target on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Invesco Stock Up 8.8 %

Shares of NYSE:IVZ opened at $19.32 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of -20.99, a P/E/G ratio of 1.06 and a beta of 1.43. The company has a 50 day moving average of $17.64 and a 200-day moving average of $17.27. Invesco has a one year low of $14.16 and a one year high of $19.49.

Invesco (NYSE:IVZ) last released its earnings results on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, sell-side analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Invesco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.25%. Invesco’s dividend payout ratio is -89.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IVZ. Public Sector Pension Investment Board boosted its position in Invesco by 12.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,751 shares of the asset manager’s stock worth $1,133,000 after acquiring an additional 8,317 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Invesco by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 319,240 shares of the asset manager’s stock worth $4,776,000 after purchasing an additional 2,451 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Invesco by 19.3% during the second quarter. Mackenzie Financial Corp now owns 57,647 shares of the asset manager’s stock worth $862,000 after purchasing an additional 9,336 shares during the last quarter. Algert Global LLC acquired a new stake in Invesco in the 2nd quarter valued at $551,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Invesco by 1.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 66,881 shares of the asset manager’s stock valued at $1,001,000 after buying an additional 946 shares during the last quarter. 66.09% of the stock is owned by institutional investors and hedge funds.

About Invesco

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.