Invesco Ltd., an investment company with a range of diversified strategies, has been enjoying a period of robust performance outstripping its market competitors. There has been noticeable activity in the stock by large institutes; Toronto Dominion Bank reduced its position while Acadian Asset Management LLC increased its holdings. Other significant acts include Vanguard Group Inc. purchasing shares and Natixis selling its stake.
The EPS for Q2 2024 was reported at $0.29, missing the analysts' expectations, however, total revenue surpassed the estimates amounting to $1.48 billion. There are speculations of share buybacks in Q3, following a PT increase to $17 by the Royal Bank of Canada. Invesco will be paying a quarterly dividend of $0.205.
Invesco is expanding its ETF platform with an innovative option strategy in its high-demand products. Furthermore, they have announced the partnership with Galaxy to launch the Invesco Galaxy Ethereum ETF (QETH). Other recent headlines have included sustainability goals and changes in portfolio management strategy.
Invesco Ltd IVZ News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 28 Jul 2024 12:55:08 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -6
