IVZ - Invesco Ltd.

NYSE - NYSE Delayed Price. Currency in USD
17.62
-0.09 (-0.51%)
At close: 4:03PM EST
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Previous Close17.71
Open17.84
Bid17.51 x 1300
Ask18.03 x 2900
Day's Range17.60 - 18.33
52 Week Range15.15 - 22.18
Volume9484331
Avg. Volume4,651,187
Market Cap8B
Beta (5Y Monthly)1.56
PE Ratio (TTM)15.07
EPS (TTM)1.17
Earnings DateJan 28, 2020 - Feb 3, 2020
Forward Dividend & Yield1.24 (7.00%)
Ex-Dividend Date2019-11-08
1y Target Est17.97
  • GuruFocus.com

    Are US Markets Set to Rise Despite Trade War Uncertainty?

    While signs of progress have emerged in recent days, expectations for a real trade war breakthrough should be met with caution, according to Invesco Continue reading...

  • Invesco Advisers Announces Final Results of Tender Offers for Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust
    PR Newswire

    Invesco Advisers Announces Final Results of Tender Offers for Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust

    Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today the final results of the previously announced tender offers for Invesco Dynamic Credit Opportunities Fund (NYSE: VTA), Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) (each, a "Fund" and collectively, the "Funds"). Each tender offer expired at 11:59 p.m., New York City time, on Thursday, December 5, 2019

  • Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines
    PR Newswire

    Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines

    Invesco (NYSE: IVZ), one of the world's leading global investment managers, today announced changes to its US exchange-traded fund (ETF) and mutual fund product lines.

  • Lazard's (LAZ) AUM Increases in November on Higher Equity
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    Lazard's (LAZ) AUM Increases in November on Higher Equity

    Lazard's (LAZ) preliminary assets under management (AUM) of $236.7 billion for November 2019 reflect marginal rise from the prior month.

  • 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - December 12, 2019
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    3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - December 12, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Invesco (IVZ) Up 1.4% as November AUM Rises on Market Gains
    Zacks

    Invesco (IVZ) Up 1.4% as November AUM Rises on Market Gains

    Rise in assets under management is likely to continue supporting Invesco's (IVZ) revenues in the quarters ahead.

  • Cohen & Steers (CNS) November AUM Down on Market Depreciation
    Zacks

    Cohen & Steers (CNS) November AUM Down on Market Depreciation

    Cohen & Steers (CNS) reports a 1.1% sequential decline in November 2019 assets under management.

  • Reuters

    UPDATE 2-Edinburgh Investment Trust fires Invesco's Mark Barnett as manager

    Edinburgh Investment Trust , which said it has suffered from a prolonged period of underperformance, has replaced Invesco's Mark Barnett as its investment manager. It said it has appointed Majedie Asset Management as its new manager, with James de Uphaugh as the portfolio manager. Holdings in Eddie Stobart, Amigo and Burford Capital had been particularly poor performers, the trust's chairman Glen Suarez told Reuters.

  • Financial Times

    Invesco fund manager Mark Barnett sacked from investment trust

    Invesco stockpicker Mark Barnett has been sacked as the manager of a £1.3bn investment trust due to poor performance, marking a new low point for the former protégé of disgraced fund manager Neil Woodford. Mr Barnett, who has been the Edinburgh Investment Trust’s appointed manager since 2014, will be replaced by Majedie Asset Management in the first quarter of 2020.

  • Financial Times

    Opening Quote: Saga hires old hand for group turnround

    Euan Sutherland, former boss of Superdry, is a glutton for punishment. The oldies’ insurer-cum-cruise operator has been on the hunt for a new chief executive since June. Lance Batchelor is retiring next month after six years.

  • Invesco Ltd. Announces November 30, 2019 Assets Under Management
    PR Newswire

    Invesco Ltd. Announces November 30, 2019 Assets Under Management

    Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,201.9 billion, an increase of 0.6% versus previous month-end. The increase was driven by favorable market returns and non-management fee earning AUM, partially offset by net outflows in money market AUM, net long-term outflows and foreign exchange. FX decreased AUM by $0.4 billion. Preliminary average total AUM for the quarter through November 30 were $1,193.7 billion, and preliminary average active AUM for the quarter through November 30 were $911.0 billion.

  • Franklin Resources' (BEN) November AUM Down on Net Outflows
    Zacks

    Franklin Resources' (BEN) November AUM Down on Net Outflows

    Franklin Resources' (BEN) preliminary assets under management (AUM) of $691.3 billion for November down from the prior month, negatively impacted by net outflows.

  • One Call Defined Investing in 2019. Now ‘Bubble’ Trouble Mounts
    Bloomberg

    One Call Defined Investing in 2019. Now ‘Bubble’ Trouble Mounts

    (Bloomberg) -- When Tim Rudderow settles into his office in a small town outside Philadelphia, the hedge-fund manager has a shortcut these days to figure out what’s been happening in the stock market.He just sizes up the bond market.“I can come in the morning and look at the bond market and know whether or not momentum is outperforming value,” the chief investment officer for Mount Lucas Management LP with $1.5 billion overall said on the eve of Thanksgiving.This rule of thumb was on the money hours later as higher yields powered a market-neutral strategy that favors cheap equities over high-flying peers by half a percentage point.Bond-driven rotations like this have gripped quant and discretionary investors all year. Under the calm surface of the unstoppable global equity rally, interest rates have crowned stock winners and losers with exceptional force for this bull market. And it’s spurring more angst than usual on Wall Street that gyrations in government debt could upend a slew of investing styles in 2020.The same recession fears that have fueled demand for Treasuries have rocked riskier equity strategies like value and pumped up havens including shares offering muted price swings. At the same time falling interest rates have boosted companies offering steady payouts like real estate and utilities to records.Funds riding the bond rally in the U.S. and euro area like trend followers and risk parity are on course for some of their best returns this decade -- but could get punished in a protracted Treasury sell-off.All told the world’s largest stocks that win from low yields are near their most expensive relative to the losers in at least 15 years, according to Societe Generale SA citing their five-year link with Treasuries.The bank’s quant guru Andrew Lapthorne is worried. He warns the outperformance of shares that move along with bonds looks extreme -- making now a good time to take profits on interest-rate positions and bond-proxy stocks.“The equity investor is buying bond risk, not cash flows,” the SocGen strategist wrote in a note.Rudderow, who invests in macro, trend following and value strategies, is staying a safe distance from companies coveted for their consistent payouts when rates are low because of their soaring premiums. “It’s created this huge bubble -- it’s the only way to describe it,” he said.Treasury gains and gyrations in yield curves -- fueled by bets on Federal Reserve easing -- have spurred violent stock rotations this year. And back again during bond sell-offs. In September there was a once-in-a-decade equity shift in favor of value over momentum -- a trial run of what could ensue should rates rebound sharply on better economic growth.And the case for 2020 reflation is gaining momentum. Manufacturing surveys are showing some green shoots, American job growth just trounced expectations, and a phase-one U.S.-China trade deal could be in the offing.Investors who dissect stocks by their traits known as factors typically don’t time their strategies to ride cyclical shifts in economic data or interest rates. Alessio de Longis at Invesco Ltd. does.His quant models flashed a shift in the economic cycle after bond yields appeared to have found a bottom in the fall. It’s prompted a more risk-on allocation, favoring value and small caps at the expense of low-volatility shares as well as momentum strategies which have had a defensive bias. The Invesco Russell 1000 Dynamic Multifactor ETF has outperformed the benchmark by 5 percentage points this year.That higher bond yields have spurred a more risk-on rotation of late is no “coincidence,” de Longis said in an interview.Overall the interest-rate cycle is proving something of a foe for most other active systematic managers, especially the market-neutral crowd. They’re on course for another year to forget. Figuring out why is far from easy, but Joseph Mezrich at Nomura Instinet LLC proffers one theory from the quant data he’s been tracking all year.As yields plunged, factor styles have been increasingly influencing each other, making it harder for investors to diversify their risk, according to the strategist. “The fortunes of factor investors, who rely on the diversification benefits of factors, are affected by changes in the level of the 10-year yield,” he wrote in a note.That correlation challenge is one reason why Sanford C. Bernstein reckons quant and fundamental funds will probably see returns near the bottom of their decade range over the coming year. Their estimates are based on a model that considers how much stocks and factors are moving together and the dispersion in returns.The good news is that bond mania is proving a boon for strategies that jumped on the bandwagon.Commodity trading advisers, a breed of quant that uses futures contracts and typically surfs the market momentum, are on course for their best year since 2014, according to a SocGen index. Risk-parity funds, which allocate based on volatility levels and hold large fixed-income positions, are heading toward their biggest annual gain since 2005, an S&P index shows.Among the beneficiaries, there’s a sense that the easy gains are over.Roberto Croce, a fund manager at BNY Mellon Investment Management, says risk-parity portfolios have pared bond longs given higher volatility in fixed income. The CTA index has dropped 6% since reaching a 19-month high in early September when the bond rally eased up.As for Rudderow at Mount Lucas, his conviction is growing that value stocks are turning the corner as yields rise -- potentially signaling good news for the economic expansion and bad news for bond-proxy shares.“You get a few times in your trading career where things are this out of whack,” he said. “If there’s anything positive on the economic growth front, that whole trade isn’t going to end well.”To contact the reporter on this story: Justina Lee in London at jlee1489@bloomberg.netTo contact the editors responsible for this story: Sam Potter at spotter33@bloomberg.net, Sid VermaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GuruFocus.com

    Invesco Global Outlook: Monetary Stimulus and Geopolitics to Dominate in 2020

    Invesco's analysts are optimistic about 2020, but see future troubles ahead Continue reading...

  • Urbem's 'Wonderful Business' Series: SEI Investments
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: SEI Investments

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  • Invesco Ltd. To Present at Goldman Sachs 2019 US Financial Services Conference
    PR Newswire

    Invesco Ltd. To Present at Goldman Sachs 2019 US Financial Services Conference

    Invesco Ltd. (NYSE: IVZ) today announced that Marty Flanagan, Chief Executive Officer, and Loren Starr, Chief Financial Officer, are scheduled to present at the Goldman Sachs 2019 US Financial Services Conference in New York, NY on December 10, 2019 at 10:30 a.m. EST.

  • Hedge Funds Are Warming Up To Invesco Ltd. (IVZ)
    Insider Monkey

    Hedge Funds Are Warming Up To Invesco Ltd. (IVZ)

    Is Invesco Ltd. (NYSE:IVZ) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]

  • Invesco Advisers Announces Expiration of Tender Offers for Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust
    PR Newswire

    Invesco Advisers Announces Expiration of Tender Offers for Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust

    Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today the preliminary results of the previously announced tender offers for Invesco Dynamic Credit Opportunities Fund (NYSE: VTA), Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) (each, a "Fund" and collectively, the "Funds"). Each tender offer expired at 11:59 p.m., New York City time, on Thursday, December 5, 2019 (the "Expiration Date").

  • Thomson Reuters StreetEvents

    Edited Transcript of IVZ earnings conference call or presentation 23-Oct-19 1:00pm GMT

    Q3 2019 Invesco Ltd Earnings Call

  • LPL allows advisors to trade some funds for free
    American City Business Journals

    LPL allows advisors to trade some funds for free

    The investment industry's pricing war has grown especially pitched in recent years — so much so, that in some corners companies are waiving fees altogether.

  • Is Invesco (IVZ) A Profitable Stock for Value Investors Now?
    Zacks

    Is Invesco (IVZ) A Profitable Stock for Value Investors Now?

    Let's see if Invesco (IVZ) stock is a good choice for value-oriented investors right now from multiple angles.

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 04, 2019
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    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 04, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Avoid Invesco (IVZ), Buy These 3 Investment Managers Instead
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    Avoid Invesco (IVZ), Buy These 3 Investment Managers Instead

    While Invesco (IVZ) doesn't seem to be worth considering now, there are a few asset managers that are expected to provide solid returns over the upcoming quarters.

  • Can You Outsmart The Market With This One Trade?
    Investor's Business Daily

    Can You Outsmart The Market With This One Trade?

    One trade that beats the market? That's the goal of multi-factor exchange-traded funds — aiming to be the best ETF you need to own, especially if the market rally fades.

  • The Case for QE in India Is Getting Stronger
    Bloomberg

    The Case for QE in India Is Getting Stronger

    (Bloomberg Opinion) -- With India’s nominal GDP growing at its slowest pace in 17 years, it’s a given that the central bank will cut interest rates again this Thursday.What’s the point, though? Commercial bank lending rates have turned immune to monetary policy, so much so that a sixth reduction this year in the benchmark price of money will make hardly any difference. The only medicine that can work is quantitative easing, a remedy authorities aren’t even discussing. QE may not cure the patient, but it may well succeed in bringing India’s economy out of a coma.To see why the quantity of money is a bigger problem than its price, consider M4. The growth rate of India’s broadest measure of money supply has collapsed to single-digit levels for some time now, and is refusing to budge. New loans automatically create new deposits in the banking system. But until there are creditworthy takers for fresh advances, deposits won’t revive. Time and demand deposits at banks account for 84% of money supply, so it’s hard for the latter to get a boost without an uptick in the former.Unconventional asset purchases can make a difference, though not the vanilla Japanese variety in which the central bank buys government bonds from banks for cash, which they stuff into their current accounts with the monetary authority.This kind of QE does have a couple of advantages. One, it lowers the long-term government bond yield. That reduces loan costs for risky borrowers, since government bond yields act as a benchmark. Two, a more liquid banking system with more low-yielding cash than higher-yielding bonds will be impatient to lend — at least in theory. Yet this type of QE relies on loans being made. If the demand side of the economy is struggling, the impact may be limited because of the one thing it doesn’t do: lift money supply in the broader economy. That’s a point Invesco Asset Management chief economist John Greenwood has made in Japan’s case. For India, it would help much more for the central bank to buy government bonds from nonbanks, following in the footsteps of the U.S. Federal Reserve, which primarily purchased securities from hedge funds, broker-dealers and insurance companies. Since nonbank sellers of bonds don’t have accounts at the Reserve Bank of India, they’ll deposit any cash they receive with commercial lenders. Money supply would accelerate even without new loans being made.That may be quite useful in India’s current circumstances. Banks, shadow lenders and India Inc. are all suffering from what Nomura Holdings Inc. economist Sonal Varma calls the “triple balance sheet problem.” The Indian government is already helping itself to practically all of the household sector’s savings. It doesn’t have more scope for deficit spending. In any case, borrowing at a higher cost than the nominal GDP growth rate would only swell the national debt.If the RBI does experiment with Fed-style quantitative easing, how far can it go? As much as 15% of the outstanding 59 trillion rupees ($827 billion) of federal Indian debt is already owned by the central bank, while commercial lenders are sitting on another 40%. The remaining 45% is with other financiers, insurance companies, provident and mutual funds, corporations, foreign investors, primary dealers and state governments. Were the RBI to buy half of nonbanks’ $365 billion stockpile of bonds, India’s $1.8 trillion in bank deposits could rise by 10%, injecting new life into the anemic expansion of money supply.If nothing else, a more liquid nonbank sector would want to buy new government debt to earn a yield. New Delhi’s financing constraints would ease, allowing for a round of fiscal pump-priming that hopefully would create new machinery and project orders for the private sector, ending years of gloom around investment.  If the RBI thinks of asset purchases as a way to further reduce the price of money, then it will want to wait until it has exhausted its conventional firepower by cutting the 5.15% policy rate further. Given the primacy of food and fuel in India's inflation, which is currently hovering at 4.6%, policymakers have some limited elbow room. But if the central bank views asset purchases as a way to influence the waning quantity of money, then it should act now. Doing so may well save the day. To contact the author of this story: Andy Mukherjee at amukherjee@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.