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IVZ — Invesco News Story

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Asset manager Invesco's Q3 profit beats; AUM up 6.2%

Overview

Invesco Q3 adjusted EPS of $0.61 beats analyst expectations

Ending AUM grew to $2.1 trillion, up 6.2% from prior quarter

Company repurchased 1.2 mln shares for $25 mln in Q3

Outlook

Invesco did not provide specific guidance for future quarters or full year

Result Drivers

NET LONG-TERM INFLOWS - Invesco reported $28.9 bln net long-term inflows driven by ETFs, Index, China JV & India, and Private Markets

OPERATING MARGIN IMPROVEMENT - Co achieved a 240 basis point increase in operating margin due to higher AUM and managed expenses

INTELLIFLO DIVESTITURE IMPACT - $35.9 mln non-cash impairment charge related to intelliflo divestiture negatively impacted EPS by $0.08

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Operating Revenue$1.64 bln
Q3 Adjusted EPSBeat$0.61$0.45 (12 Analysts)
Q3 EPS$0.66
Q3 ASSETS UNDER MANAGEMENT$2.12 trln
Q3 DIVIDEND$0.21
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell" The average consensus recommendation for the investment management & fund operators peer group is "buy." Wall Street's median 12-month price target for Invesco Ltd is $25.00, about 6.2% above its October 27 closing price of $23.46 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nPnbVk245a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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