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Invesco (IVZ) Up 1.4% as November AUM Rises on Market Gains

Zacks Equity Research

Shares of Invesco IVZ have gained 1.4% following the announcement its assets under management (AUM) for November 2019. The company’s preliminary month-end AUM of $1,201.9 billion inched up 0.6% from the prior month.

This upswing stemmed from favorable market returns, and non-management fee earning AUM. These were partly offset by outflows in Money Market AUM and net long-term outflows. Also, unfavorable foreign-exchange movement hurt AUM by $0.4 billion.

Invesco’s preliminary average total AUM for November was $1,193.7 billion and preliminary average active AUM totaled $911 billion.

At the end of the reported month, the company’s Equity AUM increased 2.6% from the prior month to $582.6 billion. Balanced AUM for November was $65.7 billion, up marginally on a sequential basis.

However, Alternatives AUM declined 1.2% from October 2019 to $183.6 billion. Further, Fixed Income AUM fell marginally to $281.6 billion. Also, Money Market AUM of $88.4 billion decreased 6.1% sequentially.

Improving AUM balance, strategic acquisitions and increasing global presence augur well for the company’s prospects.

Shares of the company have lost 17% over the past six months compared with 5.9% decline recorded by the industry.



Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other Asset Managers

Franklin Resources BEN announced preliminary AUM by its subsidiaries of $691.3 billion for November 2019. Results displayed a marginal decrease from $693.1 billion recorded as of Oct 31, 2019. Net outflows were partly offset by net market gains.

Cohen & Steers CNS reported preliminary AUM of $71.2 billion as of Nov 30, 2019, down 1.1% from the prior month. Net inflows of $630 million were offset by market depreciation of $656 million and distributions of $758 million.

AllianceBernstein Holding L.P.’s AB preliminary month-end AUM of $611 billion increased 1.7% from the prior month. Total net inflows and favorable markets were the primary reasons for this rise.

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Invesco Ltd. (IVZ) : Free Stock Analysis Report
 
AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
 
Franklin Resources, Inc. (BEN) : Free Stock Analysis Report
 
Cohen & Steers Inc (CNS) : Free Stock Analysis Report
 
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