Invesco Ltd Stock Price, News & Analysis

Invesco reported its financial results for Q1 2023, with a diluted EPS of $0.32, down 22% from Q4 2022. The company achieved net long-term inflows of $2.9 billion, marking a return to organic growth. Key segments driving growth included Fixed Income ($2.5 billion), Institutional ($6.6 billion), and ETFs ($2.8 billion). AUM rose to $1.483 trillion, a 5.2% increase from the previous quarter. The adjusted operating margin was 30.4%. The board approved a 7% dividend increase to $0.20 per share, reflecting a strong cash position. Despite a challenging market, Invesco effectively managed expenses and maintained a solid balance sheet, with debt below $1.5 billion.

Invesco Real Estate has launched Homestead Communities, a new real estate operating company aimed at tackling the affordable housing crisis in the U.S.. The platform focuses on providing safe and affordable single-family manufactured homes for working families and retirees. This initiative aligns with Invesco’s strategic goal to capitalize on the manufactured housing sector, known for its resiliency in net operating income during market volatility. David Gold, the former CEO of Inspire Communities, will lead Homestead Communities. With approximately 4% of U.S. housing being manufactured, Invesco aims to meet institutional demand while enhancing operational efficiency and performance.

On April 12, 2023, Invesco Ltd. (NYSE: IVZ) reported preliminary assets under management (AUM) of $1,483.0 billion, up 1.7% from the previous month. The firm saw net long-term inflows of $0.5 billion and non-management fee earning net inflows of $1.0 billion, while money market net outflows were $3.8 billion. The increase in AUM was attributed to favorable market returns that contributed an additional $22 billion and foreign exchange impacts of $4.0 billion. For the quarter ended March 31, 2023, the preliminary average total AUM was $1,463.0 billion with active AUM at $1,002.0 billion.

The Board of Trustees for Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) declared dividends effective on various dates in April 2023. VLT will distribute $0.0964 per share, while VVR will distribute $0.0390, up from $0.0320. The ex-dividend date for both funds is April 14, 2023, with record and payable dates set for April 17 and 28, respectively. These managed distribution plans aim to provide consistent cash payments to shareholders, although a portion may come from return of capital rather than net income. Investors should be aware that past distributions do not guarantee future payments.

Invesco Ltd. (NYSE: IVZ) will announce its first quarter 2023 results on April 25, 2023, with the earnings release scheduled for 7 a.m. ET. A conference call to discuss the financial results will be held at 9 a.m. ET, accessible via a live webcast on the company's website. Participants can call toll-free numbers for U.S. and Canada, or an international line, with the passcode 'Invesco'. An audio replay will be available following the call and will remain accessible until May 9, 2023. Further details can be found on the Invesco Investor Relations website.