Skip to Content

Invesco Ltd IVZ

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Strong Inflows and Market Gains Lift Invesco's Q1 AUM to Record Levels

Greggory Warren, CFA Sector Strategist

Analyst Note

| Greggory Warren, CFA |

While there was little in narrow-moat-rated Invesco's first-quarter results that would alter our long-term view of the firm, we expect to increase our fair value estimate to $23 per share from $18 to account for the continued recovery in the markets following the steep COVID-19-induced sell-off in the March quarter of 2020, with Invesco seeing a marked rebound in flows in the near term as a result. More than half of the fair value estimate change comes from our belief that Invesco will have more in assets under management during 2021-25 than we previously forecast, with the remainder from a slightly better near-term fee and margin outlook.

Read Full Analysis

Company Profile

Business Description

Invesco provides investment management services to retail (70% of managed assets) and institutional (30%) clients. At the end of March 2021, the firm had $1.404 trillion in assets under management spread out among its equity (52% of AUM), balanced (6%), fixed-income (21%), alternative investment (13%), and money market (8%) operations. Passive products accounted for 28% of Invesco's total AUM--46% of the company's equity operations and 13% of its fixed-income platform--at the end of the first quarter of 2021. 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 the U.S., with close to one third of its AUM sourced from Canada (2%), the U.K. (5%), continental Europe (11%), and Asia (14%).

1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe
Atlanta, GA, 30309, Bermuda
T +1 404 892-0896
Sector Financial Services
Industry Asset Management
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 8,426