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Shares of Invesco (NYSE:IVZ) remained unaffected after the company reported Q4 results.
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Quarterly Results
Earnings per share rose 12.50% over the past year to $0.72, which beat the estimate of $0.57.
Revenue of $1,228,000,000 decreased by 3.15% from the same period last year, which beat the estimate of $1,140,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Invesco hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Jan 26, 2021
Time: 09:00 AM
Price Action
Company's 52-week high was at $22.10
Company's 52-week low was at $6.38
Price action over last quarter: Up 57.84%
Company Profile
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%).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.