Update shared on11 Sep 2025
Fair value Increased 2.58%Invesco’s consensus price target has been raised to $23.17, reflecting analyst optimism driven by stronger asset flows, improved industry dynamics, and prospects for margin expansion, despite elevated but improving leverage.
Analyst Commentary
- Improved industry organic growth and positive performance of stocks and bonds, supporting a constructive environment for traditional asset managers.
- Invesco’s QQQ conversion to ETF status is expected to enhance profitability.
- Strong asset flows in Q2, with Invesco among the top performers in its group.
- Improved risk profile due to a slowing pace of fee-rate pressure and potential for margin expansion, supported by favorable equity markets and expense discipline.
- Leverage remains elevated but is on a decreasing trend, which, combined with broader positive revenue outlook, supports upgraded views.
What's in the News
- Invesco expanded its active fixed income platform with the launch of two new actively managed ETFs: the Invesco Core Fixed Income ETF (GTOC) and the Invesco Intermediate Municipal ETF (INTM), managed by experienced investment teams.
- The new ETFs reinforce Invesco’s position in active fixed income, which now manages over $491 billion globally across ETFs, mutual funds, and SMAs.
- INTM focuses on federally tax-exempt income from investment grade municipal bonds, while GTOC invests in high-quality U.S. investment grade fixed income instruments.
- From April 1 to June 30, Invesco repurchased 1,745,987 shares for $25 million, bringing total repurchases under its ongoing buyback program to 63,989,446 shares (14.56% of outstanding) for $1.23 billion.
Valuation Changes
Summary of Valuation Changes for Invesco
- The Consensus Analyst Price Target has risen slightly from $22.58 to $23.17.
- The Future P/E for Invesco has risen slightly from 11.93x to 12.26x.
- The Discount Rate for Invesco remained effectively unchanged, moving only marginally from 8.49% to 8.54%.
Disclaimer
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