Invesco Ltd. (IVZ)

In the past six months, Invesco's stock has been influenced by analyst ratings, financial results, and strategic initiatives. TD Cowen upgraded Invesco's outlook from Hold to Buy, while Wells Fargo upgraded its outlook from Underweight to Equal-Weight; TD Cowen downgraded Invesco from Buy to Hold. In Q1 2025, Invesco reported $17.6 billion in net long-term inflows, increased its dividend, and repurchased shares. The company repurchased preferred stock from MassMutual and expanded a partnership with Barings. Q2 2025 saw a rise in AUM but a decline in adjusted earnings per share. Invesco proposed reclassifying its QQQ ETF and established a real estate investment program. Dividend declarations were made for closed-end funds and Invesco Mortgage Capital Inc. Revenue expectations for FY2025 have been revised downward, and analysts forecast a stock price decrease over the next 12 months.

Demand seasonality for Invesco is influenced by performance fees, market movements, and client demand for specific strategies. Performance fees can decrease due to seasonality. Market movements significantly affect Invesco, which the company mitigates through diversification. Client demand is shifting towards alternative, passive, and smart beta strategies. Quarterly fluctuations occur due to the number of days in a quarter and shifts in AUM. Year-end inflows can be significant, particularly from ETFs and active fixed income. The asset management industry is evolving, requiring Invesco to adapt to changing client demands.

Invesco Ltd., founded in 1935 and headquartered in Atlanta, Georgia, is a leading independent global investment management firm. It offers active, passive, and alternative investment capabilities to institutional, retail, and high-net-worth investors. Invesco's services include active investment management, passive investment solutions (including a significant ETF presence), alternative investments, retirement and institutional solutions, wealth management, and money market operations. As of April 2025, Invesco managed $1.840 trillion in assets, with a mix of equity, fixed income, alternative investments, and money market operations. Passive products account for 43% of the total AUM.

Invesco operates in over 25 countries and serves clients in more than 120 countries, with branch offices in 20 countries. Its AUM is distributed across North America ($1.04 trillion), EMEA Region ($380 billion), and Asia-Pacific ($240 billion). Approximately 30% of its AUM is sourced from outside North America, with 15% from Europe, Africa, and the Middle East, and 15% from Asia.

Invesco generally has a strong reputation, but faces challenges related to investment performance. Invesco's GF Score signals poor future outperformance potential due to diminished rankings in financial strength, growth, and valuation. Revenue and EBITDA declines have raised concerns. However, Invesco is focused on growth, innovation, global expansion, digital capabilities, and sustainability, and is actively working to enhance client user experience.

Invesco Ltd. has a mixed ownership structure, featuring institutional, mutual fund, and individual holdings. Institutions hold a significant portion of Invesco's shares, totaling 72.82% of shares outstanding. Major institutional owners include Massachusetts Mutual Life Insurance Co, Vanguard Group Inc, and BlackRock, Inc. MM Asset Management Holding LLC is the largest individual shareholder, owning 18.17% of the company.