JPMorgan Chase & Co. Has Lowered Expectations for Invesco (NYSE:IVZ) Stock Price

Invesco (NYSE:IVZ) had its target price cut by JPMorgan Chase & Co. from $19.00 to $16.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the asset manager’s stock.

A number of other research firms also recently issued reports on IVZ. Argus lifted their price objective on shares of Invesco from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. UBS Group lifted their price target on Invesco from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Morgan Stanley upped their price objective on Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Royal Bank of Canada started coverage on Invesco in a report on Tuesday, January 28th. They set a “sector perform” rating and a $19.00 price objective on the stock. Finally, TD Cowen lowered Invesco from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $13.00 in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Invesco has a consensus rating of “Hold” and a consensus target price of $17.03.

Invesco Price Performance

NYSE:IVZ opened at $12.78 on Wednesday. The stock has a fifty day moving average of $15.41 and a 200 day moving average of $16.99. Invesco has a 52-week low of $11.60 and a 52-week high of $19.55. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. On average, research analysts expect that Invesco will post 1.87 EPS for the current fiscal year.

Invesco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Friday, February 14th. Invesco’s dividend payout ratio (DPR) is 69.49%.

Institutional Trading of Invesco

Several large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in Invesco in the 3rd quarter worth approximately $35,000. Colonial Trust Co SC bought a new position in shares of Invesco during the fourth quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd lifted its stake in Invesco by 180.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,379 shares of the asset manager’s stock worth $42,000 after acquiring an additional 1,531 shares during the period. Crews Bank & Trust bought a new stake in Invesco in the fourth quarter valued at $44,000. Finally, Versant Capital Management Inc increased its position in Invesco by 264.1% during the 1st quarter. Versant Capital Management Inc now owns 3,080 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 2,234 shares during the period. 66.09% of the stock is owned by institutional investors.

Invesco Company Profile

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.