IVZ - Invesco Ltd.

NYSE - NYSE Delayed Price. Currency in USD
15.65
+0.45 (+2.96%)
At close: 4:02PM EDT
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Previous Close15.20
Open15.36
Bid15.56 x 2200
Ask15.66 x 3200
Day's Range15.36 - 15.74
52 Week Range15.15 - 24.99
Volume3,762,929
Avg. Volume5,294,062
Market Cap7.352B
Beta (3Y Monthly)1.29
PE Ratio (TTM)10.82
EPS (TTM)1.45
Earnings DateOct 16, 2019 - Oct 21, 2019
Forward Dividend & Yield1.24 (8.16%)
Ex-Dividend Date2019-08-14
1y Target Est21.64
Trade prices are not sourced from all markets
  • 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.

  • 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.

  • 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.

  • CNW Group

    Invesco expands its lineup of managed solutions; Launches five new portfolios in Canada

    TORONTO , Aug. 13, 2019 /CNW/ - In response to client demand, Invesco today launched Invesco Portfolios (the Portfolios), a new suite of investment solutions, developed and managed by the Invesco Investment Solutions team. The Portfolios invest in a mix of both actively-managed mutual funds and passive, factor-based exchange traded funds (ETFs) across varying asset classes.

  • 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.

  • Invesco Ltd. Announces July 31, 2019 Assets Under Management
    PR Newswire

    Invesco Ltd. Announces July 31, 2019 Assets Under Management

    ATLANTA , Aug. 12, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,198.7 billion , an increase of less than 0.1%. The increase was ...

  • ETF.com

    Perusing This Year’s ETF Launches

    Big ETF issuers besides iShares remained on launch sidelines, while new entrants arrive.

  • 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

  • Invesco Closed-End Fund Pays Dividends
    PR Newswire

    Invesco Closed-End Fund Pays Dividends

    On August 1, 2018, Invesco Advisers, Inc. ("Invesco") announced that the Board of Trustees of the Trust approved a managed distribution plan (the "Plan") for the Trust, whereby the Trust will pay common shareholders a stable monthly distribution.  Under the Plan, the Trust increased its dividend to a stated fixed monthly amount based on a distribution rate of 8.5% of the closing market price per share as of August 1, 2018, which is the date the Plan became effective. The Trust's distributions may include net investment income, long-term capital gains, short-term capital gains and/or return of capital.

  • 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

    Most of the flows into 2019's most popular multifactor ETFs are coming from inside the house.

  • 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.