(Corrects timeline for AUM in Key Details to October-end from Q4, clarifies that AUM is preliminary headline and Overview, and that the figure is a month-on-month change)

Overview

* Invesco's ( IVZ ) preliminary AUM rose 2% month-on-month in October to $2.167 trillion, driven by market returns and inflows

* Net long-term inflows for October were $8 bln, with money market inflows at $11.1 bln

* Sale of India business reduced AUM by $15.6 bln, FX decreased AUM by $6.2 bln

Outlook

* Company did not provide specific guidance for future quarters or years

Result Drivers

* MARKET RETURNS - Favorable market returns increased AUM by $38 bln

* NET INFLOWS - Co reported net long-term inflows of $8 bln and money market inflows of $11.1 bln

* INDIA BUSINESS SALE - Sale of India business reduced AUM by $15.6 bln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

$2.17

trln

OCT-END

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 $26.00, about 9.1% above its November 10 closing price of $23.64

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