Stock of the Day

September 8, 2023

Invesco (IVZ)

$32.81
-$0.05 (-0.2%)
Market Cap: $14.57B

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. It manages separate client-focused equity and fixed income portfolios. The firm also launches equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. It launches equity, fixed income, multi-asset, and balanced exchange-traded funds. The firm also launches and manages private funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, such as commodities and currencies. For the equity portion of its portfolio, it invests in growth and value stocks of large-cap, mid-cap, and small-cap companies. For the fixed income portion of its portfolio, the firm invests in convertibles, government bonds, municipal bonds, treasury securities, and cash. It also invests in short term and intermediate term bonds, investment grade and high yield bonds, taxable and tax-free bonds, senior secured loans, and structured securities such as asset-backed securities, mortgage-backed securities, and commercial mortgage-backed securities. The firm employs absolute return, global macro, and long/short strategies. It employs quantitative analysis to make its investments. The firm was formerly known as Invesco Plc, AMVESCAP plc, Amvesco plc, Invesco PLC, Invesco MIM, and H. Lotery & Co. Ltd. Invesco Ltd. was founded in 1935 and is based in Atlanta, Georgia with an additional office in Hamilton, Bermuda.

Today's Trend

Invesco Ltd. (NYSE: IVZ) shares have decreased despite a strong second-quarter earnings report. The results showed substantial growth in assets under management and net inflows, but investor concerns about fee pressure and valuation may be offsetting the positive fundamentals.

  • Strong Q2 performance: Invesco reported adjusted diluted EPS of $0.71, exceeding the $0.67 consensus estimate, while revenue increased 20.5% year over year. The company also generated $45.1 billion in net long-term inflows, and ending AUM rose 23.4% to $2.47 trillion. Invesco Reports Results for the Three Months Ended June 30, 2026
  • ETF-led growth and capital returns: Management highlighted continued ETF momentum, record inflows, and robust revenue growth on the earnings call. Invesco also repurchased approximately 1.9 million shares for $50 million and declared a quarterly dividend of $0.215 per share, payable September 2. Invesco’s Earnings Call Highlights ETF-Led Growth
  • RBC raised its price target: Royal Bank of Canada increased its target for IVZ from $33 to $35 and maintained an “outperform” rating, signaling approximately 24% potential upside based on the cited reference price. Benzinga analyst rating update
  • JPMorgan lifted its target but remained cautious: JPMorgan raised its target from $29 to $29.50 while keeping a “neutral” rating, suggesting limited near-term upside in its view. Benzinga analyst rating update
  • Fee pressure remains a risk: Coverage flagged the possibility that pressure on asset-management fees could constrain future revenue growth and margins, potentially tempering the market’s reaction to the earnings beat. Invesco Stock May Trade At A Premium On Fee Pressure Risk
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