IVZ - Invesco Ltd.

NYSE - NYSE Delayed Price. Currency in USD
15.45
-0.26 (-1.65%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close15.71
Open15.61
Bid0.00 x 3100
Ask0.00 x 3100
Day's Range15.43 - 15.72
52 Week Range15.15 - 24.99
Volume4,758,387
Avg. Volume5,317,060
Market Cap7.258B
Beta (3Y Monthly)1.29
PE Ratio (TTM)10.68
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.24 (7.89%)
Ex-Dividend Date2019-08-14
1y Target EstN/A
Trade prices are not sourced from all markets
  • Muddy Waters' Carson Block Calls Burford's Accounting 'Misleading'
    Bloomberg

    Muddy Waters' Carson Block Calls Burford's Accounting 'Misleading'

    Aug.20 -- Carson Block, chief investment officer and co-founder at Muddy Waters, explains the firm's short of Burford Capital Ltd. He speaks on "Bloomberg Markets." (Video expanded to include Burford Capital's response.)

  • Benzinga

    Don't Ignore This Low Volatility ETF

    Low volatility exchange traded funds are getting plenty of attention (and assets) from investors these, but the ones on the receiving end of the most adulation are, not surprisingly, large-cap funds like ...

  • Bloomberg

    Investors Should Hold Their Stocks, Invesco’s Levitt Says

    (Bloomberg) -- Investors should stick with their stocks despite the sell-off this week because it would be harder to time the market and get back in, according to Brian Levitt, global market strategist for North America at Invesco.U.S. equities suffered one of the deepest sell-offs of the year on Wednesday as mounting signs of a global economic slowdown stoked fears of a recession. The slump came as a key portion of the bond curve inverted -- meaning short-term rates were higher than long-term yields -- an indicator that’s previously been a recession warning.“Long-term investors who broke from an investment plan this week because the yield curve briefly inverted will likely regret it,” Levitt said, adding that “I don’t think we’re going into a recession.”He cited factors that may push stocks higher, including his expectation of a September rate cut by the Federal Reserve. The S&P 500 index will probably end the year around 2,900, slightly ahead of the close on Friday.Low Rates?“We’re in a growth starved world with no inflation and interest rates that will stay low for a long time,” he said, reiterating his prediction in 2010 that interest rates will stay low “for the rest of our careers.”Levitt isn’t alone in making the call for investors to stay in stocks. Mariann Montagne, a fund manager at Gradient Investments, which oversees $2.3 billion, said earlier this week that it may be quite awhile before a recession hits, and “we have a lot of money to make between now and then.”Still, others are raising concerns about growth prospects. The U.S. and world economies are at their riskiest moment since the 2008 global financial crisis as trade tensions escalate, former Treasury Secretary Lawrence Summers said on CNN last weekend. Goldman Sachs Group Inc. also said fears of a U.S. recession have risen with the trade war. The University of Michigan’s confidence index slumped in August to a seven-month low.“We have been calling to take profits and recalibrate for some time,” Tuan Huynh, chief investment officer for Asia-Pacific at Deutsche Bank Wealth Management, said in a Bloomberg Television interview earlier in the week. “Even though the market seems to recover in the short term, we are not ready yet to redeploy the cash we took out from the equity market some weeks ago.”For Levitt, a memory from when he was 11 still serves as his guide to stay put amid volatility. After the Black Monday sell-off in 1987, his father had come home and said the stock market lost almost a quarter of its value in one day. A $100,000 investment that Monday morning would only be $75,000 by dinner time -- but that would be worth $2 million if it was held until today, he said.“The 1987 story is to suggest that even in a really bad event, investors were better served staying the course,” he said. “Once investors break from the plan they make it very difficult for themselves.”(Adds University of Michigan confidence index in second section)To contact the reporter on this story: Hailey Waller in New York at hwaller@bloomberg.netTo contact the editors responsible for this story: James Ludden at jludden@bloomberg.net, Linus Chua, Matthew G. MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Invesco thrives in China as former executive Ross leads Trump's trade war
    Reuters

    Invesco thrives in China as former executive Ross leads Trump's trade war

    The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war. U.S. money manager Invesco Ltd - for which Ross was a senior executive from 2006 until he joined Trump's cabinet in February 2017 - has become the top foreign manager of Chinese money in China over the past year through its joint venture Invesco Great Wall Management, according to research firm Z-Ben Advisors, leaping ahead of Switzerland's UBS . It is an unlikely success story that Invesco executives say has nothing to do with government policy, but is instead rooted in the company's decades' worth of relationships in China.

  • Invesco thrives in China as former exec Ross leads Trump's trade war
    Reuters

    Invesco thrives in China as former exec Ross leads Trump's trade war

    The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war. U.S. money manager Invesco Ltd - for which Ross was a senior executive from 2006 until he joined Trump's cabinet in February 2017 - has become the top foreign manager of Chinese money in China over the past year through its joint venture Invesco Great Wall Management, according to research firm Z-Ben Advisors, leaping ahead of Switzerland's UBS. It is an unlikely success story that Invesco executives say has nothing to do with government policy, but is instead rooted in the company's decades' worth of relationships in China.

  • T. Rowe Price Reports 1% Sequential Increase in July AUM
    Zacks

    T. Rowe Price Reports 1% Sequential Increase in July AUM

    T. Rowe Price's (TROW) preliminary assets under management of $1.14 trillion for July reflect 1% rise from the prior month.

  • AllianceBernstein (AB) July AUM Rises on Market Appreciation
    Zacks

    AllianceBernstein (AB) July AUM Rises on Market Appreciation

    Given the rise in AllianceBernstein's (AB) assets under management, revenues are expected to improve in the quarters ahead.

  • Invesco's (IVZ) July AUM Rises on Higher Money Market Assets
    Zacks

    Invesco's (IVZ) July AUM Rises on Higher Money Market Assets

    Rise in assets under management will support Invesco's (IVZ) revenues in the quarters ahead.

  • Victory Capital (VCTR) Q2 Earnings In Line With Estimates
    Zacks

    Victory Capital (VCTR) Q2 Earnings In Line With Estimates

    Victory Capital's (VCTR) Q2 results reflect higher assets under management and prudent cost management, partially offset by lower revenues.

  • ETF.com

    Perusing This Year’s ETF Launches

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  • Franklin Resources' (BEN) July AUM Descends on Net Outflows
    Zacks

    Franklin Resources' (BEN) July AUM Descends on Net Outflows

    Franklin Resources' (BEN) preliminary assets under management (AUM) of $709.5 billion for July slip marginally from the prior month, unfavorably impacted by net outflows.

  • Cohen & Steers July AUM Increases on Market Appreciation
    Zacks

    Cohen & Steers July AUM Increases on Market Appreciation

    Cohen & Steers (CNS) witnesses 1.2% growth in preliminary assets under management for July 2019.

  • Financial Times

    Woodford equity fund tops list of UK underachievers

    Neil Woodford’s stricken Equity Income fund has been named as the worst-performing UK fund in a list of serial underachievers, capping a dismal period for the former star stockpicker that culminated in the gating of his flagship investment vehicle. The inclusion of the £3.7bn fund in online investment company Bestinvest’s twice yearly “Spot the Dog” report will sit badly with investors whose money remains locked inside it. According to Bestinvest, investors who remain in the fund have chalked up a 20 per cent loss in real terms over the three years to the end of June, with an initial investment of £100 being reduced to just £80 after the reinvestment of any dividends.

  • Financial Times

    Muddy Waters v Burford Capital — the claims and defence

    Burford Capital, a London-listed litigation financing specialist, this week became the latest target of US short-seller Muddy Waters. The company also said that it had reported on its investments in “extraordinary detail”.

  • Financial Times

    Burford Capital shares recover after attacking Muddy Waters report

    Litigation specialist Burford Capital has hit back at US short-seller Muddy Waters in a forceful rebuttal that spurred Burford’s shares to recover sharply from the hedge fund’s blistering attack on the company the previous day. In a nine-page riposte published on Thursday afternoon, Burford called Muddy Waters’ claims a litany of “factual inaccuracies”, “analytical errors” and “fallacious insinuations” and hit back at allegations surrounding the funder’s ties to Invesco and troubled investor Neil Woodford. “If Muddy Waters’ was the most sophisticated short attack I’ve ever seen, then this was the best rebuttal to a short attack that I’ve ever seen,” said fund manager James Clunie at Jupiter Asset Management, which is a shareholder in Burford.

  • Financial Times

    Bayer’s Monsanto acquisition leaves it with a toxic legacy

    FT premium subscribers can click here to receive Due Diligence every day by email. In that spirit, we’ve launched a Fantasy Premier League for our readers to compete against DD writers and FT reporters.

  • Thomson Reuters StreetEvents

    Edited Transcript of IVZ earnings conference call or presentation 25-Jul-19 1:00pm GMT

    Q2 2019 Invesco Ltd Earnings Call

  • Moelis & Company (MC) Beats on Q2 Earnings as Costs Decline
    Zacks

    Moelis & Company (MC) Beats on Q2 Earnings as Costs Decline

    Moelis & Company (MC) witnesses lower revenues and expenses in the second quarter of 2019.

  • Waddell & Reed (WDR) Beats on Q2 Earnings as Expenses Fall
    Zacks

    Waddell & Reed (WDR) Beats on Q2 Earnings as Expenses Fall

    Lower operating expenses support Waddell & Reed's (WDR) Q2 earnings amid net outflows.

  • ETF.com

    Biggest Multifactor ETF Owners: Issuers

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  • Bloomberg

    Eaton Vance, Invesco Take On Crossmark From Warburg in Debt Swap

    (Bloomberg) -- Crossmark Holdings Inc., the sales and marketing company owned by Warburg Pincus LLC, completed a deal with creditors that cuts debt by 75% and hands the keys to lenders including affiliates of Eaton Vance Corp. and Invesco Ltd.The out-of-court debt exchange reduces leverage and was accepted by all of the company’s lenders, according to a statement. The biggest portion of the deal swapped $400 million of Crossmark’s first-lien term loan for $75 million of new debt and an initial 100% equity stake.Crossmark’s statement didn’t name the new owners, but people with knowledge of the matter said the group included Eaton Vance and Invesco. The people asked not to be identified discussing a private transaction.Creditors also exchanged $90 million of existing second-lien loans for warrants that would entitle holders to a 7.5% equity stake in the future.Additionally, Crossmark got a new $75 million credit facility to provide working capital and letters of credit to finance operations.Long TalksThe agreement emerged from months of negotiations between the company and a lender group that included Eaton Vance and Invesco, the people said.The role of the sales and marketing agent has evolved over the years and “the entire industry has become over-levered” as private equity firms took ownership, Chief Executive Officer Steve Schuckenbrock said in an interview. “The company was strapped with a highly levered balance sheet, which was a huge question mark for our clients and customers.”“It’s true for us and it’s true for our competitors,” Schuckenbrock said in the interview. The debt swap gives Crossmark the strongest balance sheet among its national peers, according to the statement.Representatives for Crossmark, based in Plano, Texas, and New York-based Warburg Pincus declined to comment on the deal itself. Eaton Vance and Invesco didn’t return messages seeking comment.Pitching ProductsCrossmark provides sales and marketing services for consumer brands, manufacturers and retailers. The company and its rivals, including Acosta Inc. and Advantage Solutions Inc., are the brands behind the brands on the shelves of retailers like Walmart, Target and Kroger. They make sure major retailers carry their clients’ products and display them well, and sometimes coordinate with the brands on product promotions.The sector has come under pressure as brands and retailers cut back on marketing expenses. Catalina Marketing Corp., historically known for its long ribbons of cash-register coupons, filed for bankruptcy in December to clean up its debt-plagued balance sheet; it’s shifting to focus on digital apps and consumer data.As retail margins shrink and rivals consolidate, Crossmark’s outlook has dimmed. Moody’s Investors Service downgraded the company’s credit rating in April to Ca from Caa3 after Crossmark missed an interest payment on its second-lien loan. The approximately half-billion dollars of debt on Crossmark’s balance sheet had been a heavy burden for a company of its size. That, combined with stagnant earnings had strained its liquidity, Moody’s said.Crossmark’s leaner balance sheet allows the company to focus on building out its data and analytic tools, Schuckenbrock said. “In today’s world with all the information that’s available, we standardized the process” to better understand clients needs, he said.The company is being advised by law firm Cleary Gottlieb Steen & Hamilton LLP, and investment bank Moelis & Co, the people said. Law firm Jones Day is representing the group of lenders.To contact the reporter on this story: Katherine Doherty in New York at kdoherty23@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Dawn McCartyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Affiliated Managers (AMG) Q2 Earnings & Revenues Decline Y/Y
    Zacks

    Affiliated Managers (AMG) Q2 Earnings & Revenues Decline Y/Y

    Affiliated Managers' (AMG) earnings decline in Q2 due to fall in assets under management balance and a tough operating backdrop.

  • Should Value Investors Buy Invesco (IVZ) Stock?
    Zacks

    Should Value Investors Buy Invesco (IVZ) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.