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Invesco
(NYSE:IVZ)
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Rating:60Neutral
Price Target:
$30.00
▼(-8.70% Downside)
Action:Reiterated
Date:10/27/26
The score is anchored by resilient cash generation and a constructive, confident earnings outlook (strong inflows, margin expansion, and capital return actions). Offsetting these positives are unstable reported profitability (recent losses/negative margins), weak near-term technical momentum, and a negative P/E that limits valuation support despite the ~3% dividend yield.
Positive Factors
Broad organic growth
Sustained net long-term inflows indicate broad client demand and strengthen the recurring asset-based fee stream. Because growth came from multiple regions and capabilities, it supports durable scale, distribution relevance, and reinvestment capacity beyond a single product or market cycle.
Negative Factors
Unstable profitability
Repeated recent losses and negative margins make earnings power less dependable than cash generation alone suggests. Persistent volatility can constrain capital allocation, weaken confidence in sustainable returns on equity, and leave results more exposed to operating costs and other non-revenue items.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad organic growth
Sustained net long-term inflows indicate broad client demand and strengthen the recurring asset-based fee stream. Because growth came from multiple regions and capabilities, it supports durable scale, distribution relevance, and reinvestment capacity beyond a single product or market cycle.
Read all positive factors
Invesco Key Performance Indicators (KPIs)
Any
AUM by Investment Approach
Breaks down assets under management by investment strategy, indicating where Invesco is focusing its expertise and attracting investor interest.
Breaks down assets under management by investment strategy, indicating where Invesco is focusing its expertise and attracting investor interest.
Data provided by:
The Fly
The FlyInvesco (IVZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.66B
Dividend Yield2.96%
Average Volume (3M)5.00M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth16.65%
EPS Growth-147.19%
CountryUS
Employees7,405
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.69
Shares Outstanding441,499,800
10 Day Avg. Volume5,340,504
30 Day Avg. Volume5,002,181
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.97
Price to Sales (P/S)1.86
P/FCF Ratio8.23
Enterprise Value/Market Cap1.90
Enterprise Value/Revenue3.37
Enterprise Value/Gross Profit4.52
Enterprise Value/Ebitda-137.43
Forecast
1Y Price Target
$36.00Price Target Upside9.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)2.81
Revenue Forecast (FY)$5.41B
Invesco Business Overview & Revenue Model
Company Description
Invesco Ltd. engages in the investment management business. Its products include mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA....
How the Company Makes Money
Invesco makes money primarily by charging fees for managing client assets and providing investment-related services. The company’s largest revenue stream is investment management fee revenue, typically calculated as a percentage of assets under ma...
Invesco Earnings Call Summary
Earnings Call Date:Oct 27, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 26, 2027
Earnings Call Sentiment Positive
The call was strongly positive, with broad organic inflows, record or near-record AUM in several businesses, substantial operating leverage, higher margins, improved investment performance, balance sheet strengthening, and continued capital returns. The main challenges were outflows in fundamental fixed income, private markets, and fundamental equities; moderating China flows; lower revenue yield from asset mix; and ongoing platform-related costs. Management remained confident in continued profitable growth and investment in future capabilities.Positive Updates
Strong Year-to-Date Organic Growth
Invesco generated over $100 billion of net long-term inflows through the first nine months of the year, representing a 6.5% annualized organic growth rate. Well over half of those flows came from outside the U.S.
Negative Updates
Negative Market Impact on Quarterly AUM
The third quarter included a negative market impact of $26 billion, although strong organic growth and money market inflows more than offset it.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Year-to-Date Organic Growth
Invesco generated over $100 billion of net long-term inflows through the first nine months of the year, representing a 6.5% annualized organic growth rate. Well over half of those flows came from outside the U.S.
Read all positive updates
Company Guidance
Invesco expects the additional preferred-stock repurchase to be earnings accretive in 2027, with EPS accretion reaching $0.20 on a run rate basis once the loan is fully repaid; including the aggregate $3 billion in preferred stock repurchases to date, it expects EPS accretion of $0.17 in 2027, reaching a run rate of $0.41 once the associated term loans are fully repaid, with the loans fully repaid in 2031. Fourth quarter performance fees may be relatively flat to slightly higher than the third quarter, hybrid investment platform one-time implementation costs are expected to run closer to $15 million, incremental platform expense will build towards $10 million, property, office, and technology expense is expected to be in the $120 million-$125 million range, total adjusted operating expenses are expected to be in the $830 million-$840 million range assuming flat markets, and the non-GAAP effective tax rate is estimated at 25%-26% excluding any discrete items. Compensation is expected to be in the 39%-40% context for full year 2026, operating margin is targeted to remain in the high 30s, the total payout ratio is targeted to be near 60%, and the company expects initial annualized borrowing costs of $60 million-$65 million after tax, declining as the loan is paid down.Invesco Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
66
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.14B | 6.38B | 6.07B | 5.72B | 6.05B | 6.89B |
| Gross Profit | 5.32B | 2.75B | 2.03B | 2.01B | 2.44B | 2.83B |
| EBITDA | -175.10M | -390.80M | 1.24B | 15.40M | 1.53B | 2.80B |
| Net Income | -78.70M | -281.70M | 774.80M | -96.90M | 920.70M | 1.63B |
Balance Sheet | ||||||
| Total Assets | 27.65B | 27.09B | 27.01B | 28.93B | 29.76B | 32.69B |
| Cash, Cash Equivalents and Short-Term Investments | 965.50M | 1.98B | 1.50B | 1.93B | 1.43B | 2.15B |
| Total Debt | 1.28B | 9.78B | 7.55B | 9.04B | 8.56B | 9.71B |
| Total Liabilities | 14.02B | 14.09B | 11.34B | 13.02B | 12.91B | 16.01B |
| Stockholders Equity | 12.63B | 12.23B | 14.56B | 14.60B | 15.21B | 15.50B |
Cash Flow | ||||||
| Free Cash Flow | 1.85B | 1.44B | 1.12B | 1.14B | 510.30M | 969.30M |
| Operating Cash Flow | 1.88B | 1.53B | 1.19B | 1.30B | 703.20M | 1.08B |
| Investing Cash Flow | -1.50B | -974.40M | 68.40M | -244.30M | -375.60M | -847.90M |
| Financing Cash Flow | -128.30M | -149.50M | -1.66B | -585.40M | -966.90M | 117.30M |
Invesco Technical Analysis
Negative
32.86
Price Trends
30.67
Negative
29.87
Negative
27.74
Positive
Market Momentum
-0.60
Negative
43.04
Neutral
56.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IVZ, the sentiment is Negative. The current price of 32.86 is above the 20-day moving average (MA) of 29.20, above the 50-day MA of 30.67, and above the 200-day MA of 27.74, indicating a neutral trend. The MACD of -0.60 indicates Negative momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 56.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IVZ.
Invesco Risk Analysis
Invesco disclosed 43 risk factors in its most recent earnings report. Invesco reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Invesco Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $22.18B | 10.42 | 20.45% | 4.97% | 6.97% | 11.41% | |
75 Outperform | $3.20B | 10.27 | 25.36% | 9.94% | ― | 11.43% | |
74 Outperform | $188.13B | 25.98 | 12.25% | 1.93% | 24.24% | 13.28% | |
68 Neutral | $16.12B | 21.15 | 7.42% | 4.16% | 8.39% | 181.11% | |
68 Neutral | $47.35B | 13.93 | 13.10% | 1.98% | 3.23% | 29.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $12.66B | -41.57 | -0.63% | 2.94% | 16.65% | -147.19% |
* Financial Sector Average
IVZ
Invesco
28.68
5.32
22.79%
AB
AllianceBernstein
34.72
-1.89
-5.15%
BLK
BlackRock
1,157.88
82.85
7.71%
BEN
Franklin Resources
31.73
9.87
45.16%
STT
State Street
173.54
59.49
52.17%
TROW
T Rowe Price
104.00
5.66
5.76%
Invesco Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Invesco Restructures Capital Through New Term Loan
Positive
Oct 27, 2026
On October 23 and October 26, 2026, Invesco entered into a series of financing and shareholder agreements with MassMutual and a syndicate of lenders to restructure its preferred equity and debt profile. The company borrowed an unsecured $1.5 billi...
Business Operations and StrategyExecutive/Board Changes
Invesco Announces Asia Pacific Leadership Transition Plans
Positive
Aug 31, 2026
On August 31, 2026, Invesco announced that Andrew Lo, Senior Managing Director and Head of Asia Pacific, will retire on March 31, 2027 after 32 years with the firm, marking the end of a tenure in which he helped build Asia Pacific into a major con...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.