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




Inflows and Market Gains Lift Invesco's 3Q Results; Raising FVE to $13 per Share

Greggory Warren, CFA Sector Strategist

Analyst Note

| Greggory Warren, CFA |

While there was little in narrow-moat Invesco's third-quarter results that would alter our long-term view of the firm, we are raising our fair value estimate to $13 per share from $12 to account for better flow and market performance than we had been forecasting through the first nine months of the year. Invesco closed out September 2020 with $1.218 trillion in managed assets, up 6.4% sequentially and 2.9% on a year-over-year basis. Net long-term inflows of $7.8 billion during the third quarter were better than our forecast for $6.7 billion, with most of the difference due to stronger institutional flows. Even so, Invesco remains on pace to generate negative organic AUM growth in a mid- to high-single-digit range this year. 

Read Full Analysis

Company Profile

Business Description

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%).

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 Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 8,717