Invesco upgraded to Buy from Hold at TD Cowen
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Will State Street Follow Invesco's Lead? Never Say Never.
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17 hours ago
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Invesco (IVZ) Receives a Hold from RBC Capital
RBC Capital analyst Kenneth Lee maintained a Hold rating on Invesco on July 23 and set a price target of $22.00. The company's shares closed yesterday at $21.43. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Lee covers the Financial sector, focusing on stocks such as Invesco, OneMain Holdings, and Ameriprise Financial. According to TipRanks, Lee has an average return of 18.8% and a 75.65% success rate on recommended stocks. In addition to RBC Capital, Invesco also received a Hold from Barclays's Benjamin Budish in a report issued on July 23. However, yesterday, TR | OpenAI – 4o reiterated a Buy rating on Invesco (NYSE: IVZ). Based on Invesco's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.53 billion and a net profit of $230.3 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $200.7 million
Yahoo
2 days ago
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Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows
Invesco Ltd. (IVZ), the fourth-largest ETF issuer, reported that assets in its business unit that includes exchange-traded funds leapt 32% during the second quarter, compared with the same quarter last year, as equity markets jumped. The unit's assets rose to $546.9 billion from $415.1 billion in last year's second quarter, the company said in a statement. Compared with this year's first quarter, assets swelled 11% from $491 billion. That business doesn't include results from Invesco's biggest fund, the $358.1 billion Invesco QQQ Trust (QQQ), which doesn't produce management fees due to its unit investment trust structure. As the S&P 500 gained 11% during the quarter, Invesco's ETF and index business generated $40.6 billion in market gains, nearly 12 times the $3.8 billion the business created during last year's second quarter. In this year's first quarter, the business suffered a loss of $10.9 billion as markets tumbled amid President Donald Trump ramping up a series of tariff battles with trading partners around the globe. The Atlanta-based company produces income from fees on the 242 ETFs it manages. QQQM Pulls in Big Money While QQQ doesn't generate fees, a copycat that does, the $55.1 billion Invesco NASDAQ 100 ETF (QQQM), pulled in a net $5.6 billion in flows during the quarter. The company said last week it aims to restructure QQQ as an open-ended fund and generate fees. The company highlighted 'Another strong quarter with annualized organic growth of +10% and continued market share gains with strength across geographies,' in a slide presentation. Overall, the ETF and index business's net inflows fell 23% to $12.6 billion from the first quarter and were little changed year over year. This was partially due to net outflows of $2.9 billion from the company's second-largest fund, the $73.9 billion Invesco S&P 500 Equal Weight ETF (RSP). That fund, which tracks an equal-weighted index of S&P 500 companies, charges a 0.2% management fee, compared with the passive, market-cap weighted, $701.8 billion Vanguard S&P 500 ETF (VOO), the world's largest ETF, which charges 0.03%. QQQM Second-Quarter Flows Source: and FactSet Data ETF Issuers Boosted by Market Gains Other publicly traded ETF issuers reported that second-quarter market gains boosted their businesses. The largest, Blackrock Inc. (BLK), last week said its iShares ETF franchise attracted $85 billion in net flows during the second quarter and ETF assets under management reached $4.7 trillion. Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 26% during the second quarter. WisdomTree Inc. (WT) is the final large ETF issuer set to report second-quarter earnings, which it will do Friday, July | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
