Invesco Q4 adjusted EPS beats estimates, inflows rise

Overview

• Investment management firm's Q4 adjusted EPS beat analyst expectations

• Company reported $19.1 bln net long-term inflows in Q4, driven by ETFs and China JV

• Company repurchased $500 mln of preferred stock, strengthening balance sheet

Result Drivers

• NET INFLOWS - Invesco reported $19.1 bln net long-term inflows in Q4, driven by ETFs and China JV

• INTANGIBLE IMPAIRMENT - A $1.8 bln non-cash intangible impairment negatively impacted Q4 results

• STRATEGIC INITIATIVES - Conversion of Invesco QQQ Trust to open-end fund ETF and asset divestitures influenced results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "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 is $30.00, about 4.8% above its January 26 closing price of $28.63

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn7FqxQVa

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