JPMorgan Chase & Co. Increases Invesco (NYSE:IVZ) Price Target to $30.00

Invesco (NYSE:IVZ) had its target price increased by equities research 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 price objective would suggest a potential upside of 2.86% from the company’s current price.

A number of other research analysts have also recently issued reports on IVZ. The Goldman Sachs Group set a $28.75 price target on shares of Invesco in a report on Thursday, January 15th. Bank of America upped their target price on Invesco from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Royal Bank Of Canada lifted their price target 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, Evercore ISI increased their price objective on Invesco from $24.00 to $26.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.36.

Invesco Stock Performance

Shares of IVZ stock opened at $29.17 on Tuesday. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 0.48 and a beta of 1.65. Invesco has a 52-week low of $11.60 and a 52-week high of $29.55. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $26.26 and its 200 day moving average is $23.36.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, October 28th. The asset manager reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.17. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Invesco had a net margin of 14.15% and a return on equity of 9.11%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. On average, sell-side analysts anticipate that Invesco will post 1.87 EPS for the current fiscal year.

Insider Transactions at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 192 shares of the company’s stock, valued at approximately $4,523.52. This trade represents a 99.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Oak Thistle LLC lifted its stake in shares of Invesco by 58.5% in the 4th quarter. Oak Thistle LLC now owns 54,851 shares of the asset manager’s stock valued at $1,441,000 after purchasing an additional 20,245 shares during the last quarter. Park Capital Management LLC WI purchased a new stake in Invesco in the 4th quarter valued at about $1,204,000. Savvy Advisors Inc. purchased a new stake in Invesco in the 4th quarter valued at about $217,000. American National Bank & Trust acquired a new position in Invesco in the fourth quarter valued at about $31,000. Finally, Wealth Management Associates Inc. purchased a new position in Invesco during the fourth quarter worth about $510,000. Institutional investors and hedge funds 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.