JPMorgan Chase & Co. Analysts Give Invesco (IVZ) a $45.00 Price Target

JPMorgan Chase & Co. set a $45.00 price objective on Invesco (NYSE:IVZ) in a research note released on Monday morning. The brokerage currently has a buy rating on the asset manager’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Invesco from a hold rating to a buy rating and set a $41.00 price target for the company in a report on Wednesday, January 3rd. Morgan Stanley lowered shares of Invesco from an overweight rating to an equal weight rating and lowered their price target for the company from $40.00 to $39.00 in a report on Wednesday, January 3rd. Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the company a buy rating in a report on Saturday, December 16th. ValuEngine upgraded shares of Invesco from a hold rating to a buy rating in a research note on Wednesday, December 6th. Finally, Jefferies Group increased their price objective on shares of Invesco from $41.00 to $42.00 and gave the company a buy rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $39.79.

Invesco (NYSE IVZ) traded up $0.36 on Monday, reaching $37.20. 2,840,263 shares of the company were exchanged, compared to its average volume of 2,946,027. The firm has a market cap of $15,170.00, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.06 and a beta of 1.80. Invesco has a 1-year low of $28.75 and a 1-year high of $37.85. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50.

Invesco (NYSE:IVZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The business had revenue of $976.60 million during the quarter, compared to analyst estimates of $940.96 million. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. analysts forecast that Invesco will post 2.66 earnings per share for the current year.

In other news, insider Colin Meadows sold 54,215 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Washington Trust Bank lifted its position in shares of Invesco by 6.3% in the 4th quarter. Washington Trust Bank now owns 187,744 shares of the asset manager’s stock worth $6,860,000 after buying an additional 11,052 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Invesco by 40.1% in the 3rd quarter. Prudential Financial Inc. now owns 1,547,138 shares of the asset manager’s stock worth $54,212,000 after buying an additional 442,997 shares during the last quarter. Atlantic Trust Group LLC lifted its position in shares of Invesco by 19.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 31,818 shares of the asset manager’s stock worth $1,115,000 after buying an additional 5,131 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Invesco by 3.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,860,428 shares of the asset manager’s stock worth $65,189,000 after buying an additional 65,325 shares during the last quarter. Finally, Shelton Capital Management lifted its position in shares of Invesco by 8.7% in the 3rd quarter. Shelton Capital Management now owns 114,510 shares of the asset manager’s stock worth $4,012,000 after buying an additional 9,200 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

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About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Analyst Recommendations for Invesco (NYSE:IVZ)

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