Over the past period, Invesco Ltd (IVZ) had a mixed performance in the market against its competitors. Meanwhile, its Assets Under Management (AUM) were regularly reported, indicating steady evolution. Although some strategic reductions in IVZ shares were noted, several asset management companies, such as Point72 and Quadrature Capital Ltd, enlarged their holdings in IVZ. In addition, IVZ attracted new investments, including a large entry from Balyasny Asset Management.
Cowen maintained their 'Buy' rating for IVZ, citing robust AUM growth. This sentiment has been echoed by others, leading IVZ to be labeled as a top value stock for long-term momentum. Despite some underperforming days, the company experienced robust trading days outperforming competitors. However, its revenues suffered certain drawbacks, affecting the share price.
In terms of product development, IVZ added new defined maturity bond ETFs to its fixed income suite and worked to provide Japanese investors better access to its ETFs. However, it also reported some losses and a notable $1.2 Billion charge. This was alongside an unexpected Q1 earnings miss and a year on year revenue decline.
Invesco Ltd IVZ News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sat, 15 Jun 2024 06:53:00 GMT - Rating 0 - Innovation 3 - Information 6 - Rumor 2
