AllAnalyst Report
logoMorningstarJanuary 20, 2021

Invesco Ltd.: Peltz Gains Two Seats on Invesco's Board; No Change to Moats or FVEs for Invesco or Janus Henderson

Symbols
IVZ
Sector(s)
Financial Services
Rating
Premium
Current Price
$22.42
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Invesco provides investment management services to retail (69% of managed assets) and institutional (31%) clients. At the end of September 2020, the firm had $1.218 trillion in assets under management spread out among its equity (49% of AUM), balanced (6%), fixed-income (23%), alternative investment (14%), and money market operations. Passive products accounted for 26% of Invesco's total AUM--44% of the company's equity operations and 12% of its fixed-income platform--at the end of September 2020. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of the U.S., with just under 30% of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (11%), and Asia (12%).

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE

Analyst Profile

Greggory Warren, CFA

Sector Strategist
Greggory Warren, CFA, is a financial-services sector strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers the traditional U.S.- based asset managers, as well as Berkshire Hathaway.Before assuming his current role in 2017, Warren covered the financial-services sector as a senior analyst since late 2008. Before that time, he covered non-alcoholic beverage manufacturers and distributors, packaged food firms, food service distributors, and tobacco companies. Prior to joining Morningstar in 2005, Warren worked as a buy-side equity analyst for more than seven years, covering consumer staples and consumer cyclicals.Warren holds a bachelor's degree in accounting and English from Augustana College. He also holds the Chartered Financial Analyst® designation and is a member of the CFA Society of Chicago. Since 2014, Warren has been selected to participate on the analyst panel at Berkshire Hathaway's annual meeting, asking questions directly of Warren Buffett and Charlie Munger. He ranked second in the investment services industry in The Wall Street Journal's annual “Best on the Street” analysts survey in 2013, the last year the survey was conducted.