Overview

* Invesco ( IVZ ) Q3 adjusted EPS of $0.61 beats analyst expectations

* Ending AUM grew to $2.1 trillion, up 6.2% from prior quarter

* Company repurchased 1.2 mln shares for $25 mln in Q3

Outlook

* Invesco ( IVZ ) did not provide specific guidance for future quarters or full year

Result Drivers

* NET LONG-TERM INFLOWS - Invesco ( IVZ ) reported $28.9 bln net long-term inflows driven by ETFs, Index, China JV & India, and Private Markets

* OPERATING MARGIN IMPROVEMENT - Co achieved a 240 basis point increase in operating margin due to higher AUM and managed expenses

* INTELLIFLO DIVESTITURE IMPACT - $35.9 mln non-cash impairment charge related to intelliflo divestiture negatively impacted EPS by $0.08

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.64

Operatin bln

g

Revenue

Q3 Beat $0.61 $0.45

Adjusted (12

EPS Analysts

)

Q3 EPS $0.66

Q3 $2.12

ASSETS trln

UNDER

MANAGEME

NT

Q3 $0.21

DIVIDEND

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "buy."

* Wall Street's median 12-month price target for Invesco Ltd ( IVZ ) is $25.00, about 6.2% above its October 27 closing price of $23.46

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)