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IVZ

Invesco

$17.56

0.52 (3.05%)

16:19
09/11/19
09/11
16:19
09/11/19
16:19

Invesco reports AUM at August 31 down 2.0% to $1,175.1B

Invesco reported preliminary month-end assets under management, or AUM, of $1,175.1B, a decrease of 2.0%. The decrease was driven by unfavorable market returns, net long-term outflows, foreign exchange, lower money market AUM, and non-management fee earning AUM outflows, partially offset by reinvested distributions. FX decreased AUM by $2.2B, including $0.7B Money Market decrease. Preliminary average total AUM for the quarter through August 31 were $1,188.4B, and preliminary average active AUM for the quarter through August 31 were $918.1B.

IVZ Invesco
$17.56

0.52 (3.05%)

05/13/19
05/13/19
DOWNGRADE
Target $18

Sell
Invesco downgraded to Sell from Neutral at UBS
As previously reported, UBS analyst Brennan Hawken downgrades Invesco to Sell with a price target of $18 and recommends that investors fade the year-to-date rally after its stock appreciated by 27% - the most of any asset manager. The analyst expects the company's earnings multiple to contract after expanding even as the consensus estimates for 2020 have declined. Hawken further anticipates deal accretion to come below Invesco's targets, flat earnings, and "fundamental headwinds" for both Invesco and its acquired OppenheimerFunds.
06/07/19
JEFF
06/07/19
DOWNGRADE
Target $23
JEFF
Hold
Invesco downgraded to Hold from Buy at Jefferies
Jefferies analyst Daniel Fannon downgraded Invesco to Hold from Buy and lowered his price target for the shares to $23 from $24.
06/07/19
JEFF
06/07/19
DOWNGRADE
Target $23
JEFF
Hold
Jefferies downgrades Invesco on 'challenged' organic growth outlook
Jefferies analyst Daniel Fannon downgraded Invesco to Hold from Buy and lowered his price target for the shares to $23 from $24. While the combination with OFI will generate significant expense synergies, the outlook for organic growth remains "challenged," Fannon tells investors in a research note. The analyst expects continued attrition within Invesco's core active business and sees added uncertainty as the OFI integration takes hold. With the stock up 23% year-to-date, he views the risk/reward as "fairly balanced."
07/09/19
MSCO
07/09/19
NO CHANGE
MSCO
Morgan Stanley sees C-corp conversion announcement coming from Carlyle
Morgan Stanley analyst Michael Cyprys said he recommends owning Carlyle Group (CG) shares into the quarter, as he believes the company will announce plans to convert to a C-corporation along with its upcoming report, "albeit with a delayed effective date" to allow time for the complex underlying tax impact analysis. He thinks a conversion could bring greater clarity and visibility into targets, which could increase long only interest in the stock, Cyprys tells investors. In his broader preview of the earnings season for the Asset Manager group, the analyst noted that he lowered his Q2 EPS estimates by about 4% on average, cutting his estimates for Traditionals by 0.5%, for Alts by 11.5% and for Market Structure companies by 1.6%.

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