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IVZ

Invesco

$34.45

0.13 (0.38%)

16:17
06/12/17
06/12
16:17
06/12/17
16:17

Invesco reports preliminary AUM $859B as of May 31

Invesco reported preliminary month-end assets under management of $859B, an increase of 2.1% month over month. The increase was driven by favorable market returns, higher Money Market AUM, PowerShares QQQs inflows, foreign exchange, and net long-term inflows. FX increased AUM by $0.9B. Preliminary average total AUM for the quarter through May 31 were $843.3B, and preliminary average active AUM for the quarter through May 31 were $687.7B.

IVZ Invesco
$34.45

0.13 (0.38%)

03/15/17
GSCO
03/15/17
UPGRADE
Target $37
GSCO
Conviction Buy
Invesco upgraded to Conviction Buy from Neutral at Goldman
Goldman Sachs analyst Alexander Blostein upgraded Invesco to Conviction Buy from Neutral saying the valuation should expand as the company's organic growth, margins and capital returns moving higher in 2017 and 2018. The analyst upped his price target for the shares to $37 from $30.
03/17/17
03/17/17
NO CHANGE

Underweight
Morgan Stanley cuts T. Rowe, Franklin Resources to sell with fees seen at risk
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded asset managers T. Rowe Price (TROW) and Franklin Resources (BEN), each to Underweight from Equal Weight, citing his belief that structural changes in the industry could compress traditional managers' fees by 10-15% over the next 3-5 years. Cyprys sees the gap between alternative and traditional asset managers as widening and increasingly prefers the alternative managers, which he sees having less exposure to disruption. The analyst, who also has Underweight ratings on Janus Capital (JNS) and Waddell & Reed (WDR), keeps Overweight ratings on only BlackRock (BLK) and Invesco (IVZ) among the asset managers he covers.
04/11/17
MSCO
04/11/17
NO CHANGE
MSCO
Consolidation wave approaching Asset Management industry, says Morgan Stanley
Morgan Stanley analyst Michael Cyprys sees multiple headwinds - including distribution challenges, intensifying fee pressure, new regulation, and a weak organic growth outlook for active management - facing Asset Managers and believes that while M&A may not solve the challenges it can help firms adapt to better navigate the shifting landscape. The analyst, who believes "this time is different," thinks scale can help and predicts a wave of large-scale consolidation is approaching for the industry. Brokers and Asset Managers covered by Morgan Stanley include WisdomTree (WETF), Waddell & Reed (WDR), T. Rowe Price (TROW), Franklin Resources (BEN), Janus Capital (JNS), BlackRock (BLK) and Invesco (IVZ).
06/05/17
SBSH
06/05/17
UPGRADE
Target $37.5
SBSH
Buy
Invesco upgraded to Buy from Neutral at Citi
Citi analyst William Katz upgraded Invesco to Buy and raised his price target for the shares to $37.50 from $35 after reordering his rankings in the Asset Manager space. The analyst believes "winners must have a combination of Active, Passive, Alternatives, digital delivery and risk management acumen."

TODAY'S FREE FLY STORIES

GMRE

Global Medical REIT

$8.98

-0.16 (-1.75%)

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Global Medical REIT rating change  »

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TPX

Tempur Sealy

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0.24 (0.39%)

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MDT

Medtronic

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Coty

$19.55

0.32 (1.66%)

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ENR

Energizer

$41.24

-0.09 (-0.22%)

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HOMB

Home Bancshares

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ADP

ADP

$102.89

-1.52 (-1.46%)

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ADP CEO: Ackman refused to meet because he needed 'leverage,' CNBC says »

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TWX

Time Warner

$102.11

0.92 (0.91%)

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Snap

$13.58

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TWX

Time Warner

$102.11

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SNAP

Snap

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KKR

KKR

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:05
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Hot Stocks
Baozun reports Q2 Total Gross Merchandise Volume RMB3.604B »

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  • 21

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:03
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Baozun sees Q3 revenue RMB870M-RMB910M »

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  • 21

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:02
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Breaking Earnings news story on Baozun »

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  • 21

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BZUN

Baozun

$34.60

0.62 (1.82%)

18:01
08/21/17
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Earnings
Baozun reports Q2 EPS 8c, consensus 10c »

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  • 21

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KKR

KKR

18:00
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KKR near 'clinching' $3B commitment from NYC pension system, Bloomberg says »

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ESV

Ensco

$4.19

-0.09 (-2.10%)

, NBL

Noble Energy

$23.54

-0.11 (-0.47%)

17:56
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Ensco

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NBL

Noble Energy

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GDOT

Green Dot

$46.58

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

, RIG

Transocean

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FN

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TEDU

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ZAYO

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$32.97

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PINC

Premier

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RIG

Transocean

$7.32

-0.16 (-2.14%)

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Transocean director acquires 2,000 registered shares »

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  • 29

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RDN

Radian Group

$16.46

-0.26 (-1.56%)

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Radian Group CEO Thornberry buys 15,000 shares »

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RT

Ruby Tuesday

$1.84

-0.06 (-3.16%)

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SRNE

Sorrento Therapeutics

$1.70

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  • 28

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GPN

Global Payments

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0.81 (0.86%)

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Global Payments Chairman William Jacobs sells 8,428 shares of company stock »

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NOC

Northrop Grumman

$267.70

0.09 (0.03%)

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Northrop Grumman awarded $328.6M government contract »

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  • 23

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BA

Boeing

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Boeing awarded $349.2M government contract »

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LMT

Lockheed Martin

$301.88

2.68 (0.90%)

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Lockheed Martin awarded $427M government contract »

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  • 23

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PBFX

PBF Logistics

$20.80

-0.05 (-0.24%)

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Breaking Hot Stocks news story on PBF Logistics »

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