Invesco

“IVZ reported June 30th total AUM of $653.7B, down 1.2% m/m and slightly below our $655B estimate,” Jefferies wrote in a report focusing on Invesco (NYSE: IVZ). “Importantly, total long term flows were positive highlighted by flows into fixed income and alternatives. Not surprisingly, flow trends...

JP Morgan provided color on the asset managers sector. In a research report published today, JP Morgan paints relatively bleak picture for the sector. In the report, JP Morgan states, “We are lowering estimates for the asset managers based on poor market conditions in May and the first half of...

Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....

Deutsche Bank has changed the price target on the following companies: Artio Global Investors (NYSE: ART) Hold, PT from $16 to $14 BlackRock (NYSE: BLK) Buy, PT from $230 to $225 Cohen & Steers (NYSE: CNS) Hold, PT from $33 to $34 Invesco (NYSE: IVZ) Buy, PT from $31 to $30 Janus...

KBW spent some time this past week visiting investors with Invesco Ltd. (NYSE: IVZ) CFO Loren Starr, Treasurer Jordan Krugman, and Andrew Schlossberg, Global Head of Distribution and ETFs. “The meetings covered a wide range of topics and some key areas of focus included the ETF business, capital...

According to Deutsche Bank, Invesco (NYSE: INZ) Buy rating is maintained. Deutsche Bank said that that, given weaker equity markets (S&P 500 ‐1.1% & MSCI‐EAFE ‐2.8%), a FX headwind, and net outflows (driven by the QQQ ETF), slightly offset by mostly positive credit markets and active...

Sterne Agee is out with its report today on Invesco (NYSE: IVZ), maintaining Neutral. In a note to clients, Sterne Agee writes, "While there is meaningful upside to our $27 price target (based on 16x '11 cash operating earnings plus net cash & investments), on a relative basis we view the...

Citigroup has changed the price target on the following companies: AllianceBernstein (NYSE: AB) From $20.00 to $19.00 Affiliated Managers Group (NYSE: AMG) From $128.00 to $122.00 Apollo Global Management (NASDAQ: APO) From $24.00 to $23.00 Artio Global Investors (NYSE: ART) From $16.00 to $...

According to Jefferies, Invesco (NYSE: IVZ) reported April 30th total AUM of $668.6B, a 4.2% m/m increase, or approx. $26.7B. Jefferies said that net flows were positive during the month reflecting a combination of inflows to passive, money market and alternative products as well as improving...

Franklin Resources Inc. (NYSE: BEN) and Invesco Ltd. (NYSE: IVZ) will report April AUM next week, J.P. Morgan Reports. “We think both companies will report impressive numbers and we would expect both stocks to react favorably,” J.P. Morgan writes. “Franklin reports on Monday after the close and...