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IVZ

Invesco

$16.03

-0.115 (-0.71%)

07:01
10/23/19
10/23
07:01
10/23/19
07:01

Invesco reports Q3 adj. EPS 70c, consensus 57c

Reports Q3 revenue $1.23B, consensus $1.23B. Marty Flanagan, President and CEO said, "We've made tremendous progress in the integration of OppenheimerFunds, which deepens relationships with US clients and expands the capabilities we can offer domestically and internationally, while further scaling our business for the benefit of clients and shareholders. Financial performance, excluding costs related to the integration, was very strong for the quarter as the combined business focused on meeting client needs and operating more efficiently and effectively. Net revenues climbed 19.1% to $1.2 billion, and our operating margin rose to 40.9%, up from 35.2% in the prior quarter. Earnings per share climbed 7.7% to $0.70 from $0.65 in the second quarter. We're pleased to announce that we've achieved annualized expense synergies of $501 million for the integrated business, ahead of schedule and $26 million above our original target. The financial and operating strength of the firm enabled us to return $441 million to common shareholders during the quarter through dividends and stock buybacks. Gross sales were up 7.7% in the quarter, and long-term net outflows totaled $11.1 billion, versus net outflows of $3.9 billion in the prior quarter as clients reacted to market news by de-risking and reallocating their portfolios. During the quarter we saw outflows from our retail businesses in the Americas and the UK, partially offset by positive net flows in China, EMEA ex UK and our ETF businesses."

  • 23

    Oct

IVZ Invesco
$16.03

-0.115 (-0.71%)

10/10/19
WELS
10/10/19
NO CHANGE
Target $17
WELS
Market Perform
Invesco price target lowered to $17 from $23 at Wells Fargo
Wells Fargo analyst Christopher Harris lowered his price target for Invesco to $17 from $23 given more conservative forecasts for fee rates and fund flows. The analyst reiterates a Market Perform rating on the shares.
10/22/19
EVER
10/22/19
DOWNGRADE
EVER
Underperform
Invesco downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Glenn Schorr downgraded Invesco to Underperform from In Line.
10/22/19
EVER
10/22/19
DOWNGRADE
EVER
Underperform
UBS initiative to pressure retail asset managers like Invesco, says Evercore ISI
Evercore ISI analyst Glenn Schorr downgraded Invesco (IVZ) to Underperform from In Line after UBS (UBS) announced a unified initiative between its wealth management and asset management businesses to potentially revolutionize how clients access separately managed accounts including significantly reduced SMA pricing. In a research note to investors, Schorr says he thinks this could be an accelerant of price compression in retail asset management products. Schorr also downgraded Waddell & Reed (WDR) to Underperform.
10/22/19
EVER
10/22/19
DOWNGRADE
EVER
Underperform
Waddell & Reed downgraded at Evercore ISI after UBS announces new initiative
Evercore ISI analyst Glenn Schorr downgraded Waddell & Reed (WDR) to Underperform from In Line after UBS (UBS) announced a unified initiative between its wealth management and asset management businesses to potentially revolutionize how clients access separately managed accounts including significantly reduced SMA pricing. In a research note to investors, Schorr says he thinks this could be an accelerant of price compression in retail asset management products. Schorr also downgraded Invesco (IVZ) to Underperform.

TODAY'S FREE FLY STORIES

DIS

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LANC

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AXAS

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AXAS

Abraxas Petroleum

$0.29

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DBX

Dropbox

$19.14

0.24 (1.27%)

14:25
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Options
Dropbox call volume above normal and directionally bullish »

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EBS

Emergent BioSolutions

$55.00

-0.31 (-0.56%)

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TTWO

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0.84 (0.71%)

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Intelsat

$14.71

-5.68 (-27.86%)

14:20
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SQM

SQM

$23.75

-1.15 (-4.62%)

, ALB

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$64.60

-0.68 (-1.04%)

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FMC Corporation

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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TEVA

Teva

$9.75

0.145 (1.51%)

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SPX

S&P 500

$0.00

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$309.38

0.44 (0.14%)

14:03
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Archer Daniels

$42.85

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Agrium

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SYT

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BG

Bunge

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IPI

Intrepid Potash

$2.24

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CMP

Compass Minerals

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KNX

Knight-Swift

$37.45

-0.445 (-1.17%)

14:00
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Options
Calls lead puts 50:1 in Knight Swift Transportation »

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  • 13

    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$309.35

0.41 (0.13%)

13:59
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Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

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SPX

S&P 500

$0.00

(0.00%)

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$309.35

0.41 (0.13%)

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MLM

Martin Marietta

$256.47

1.18 (0.46%)

13:55
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Conference/Events
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  • 13

    Nov

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13:55
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Conference/Events
House Judiciary Committee to hold a hearing »

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DBX

Dropbox

$18.52

-0.38 (-2.01%)

13:52
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Dropbox CEO Houston buys $9.57M worth of shares »

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  • 19

    Nov

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13:45
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General news
Treasury Budget to be reported at 14:00 »

October Treasury Budget…

V

Visa

$179.40

-0.39 (-0.22%)

, MA

MasterCard

$277.91

0.8 (0.29%)

13:39
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Visa, MasterCard analyst commentary  »

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V

Visa

$179.40

-0.39 (-0.22%)

MA

MasterCard

$277.91

0.8 (0.29%)

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  • 10

    Dec

13:33
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Breaking Hot Stocks news story  »

Stanley Black &…

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