Shares of Invesco IVZ remained unaffected after the company reported Q4 results.
Quarterly Results
Earnings per share rose 12.50% over the past year to $0.72, which beat the estimate of $0.57.
Revenue of $1,228,000,000 decreased by 3.15% from the same period last year, which beat the estimate of $1,140,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Invesco hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jan 26, 2021
Time: 09:00 AM
Price Action
Company's 52-week high was at $22.10
Company's 52-week low was at $6.38
Price action over last quarter: Up 57.84%
Company Profile
Invesco provides investment management services to retail (69% of managed assets) and institutional (31%) clients. At the end of September 2020, the firm had $1.218 trillion in assets under management spread out among its equity (49% of AUM), balanced (6%), fixed-income (23%), alternative investment (14%), and money market operations. Passive products accounted for 26% of Invesco's total AUM--44% of the company's equity operations and 12% of its fixed-income platform--at the end of September 2020. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of the U.S., with just under 30% of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (11%), and Asia (12%).
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