Invesco reported preliminary assets under management of US$2,537.8 billion for September, a 0.9% decline from August, following long-term outflows of US$1.1 billion and money market withdrawals of US$5.7 billion. The company's share price has fallen 1.93% over the last day, 3.75% over the past week, and 8.58% over the past month, though the 90 day share price return stands at 3.91% and the year to date share price return at 9.54%. Longer-term holders have fared far better, with a 1 year total shareholder return of 35.50% and a 3 year total shareholder return of around 2.6x. The most followed valuation narrative pegs Invesco's fair value at $34.75 against a recent share price of $29.51, implying the stock is 15% undervalued. Bulls point to the company's long run of shareholder gains and dividend appeal, alongside expansion in private markets and alternatives through partnerships with Barings and MassMutual, while bears focus on recent AUM pressure and the risk that fee pressure from cheaper passive products weighs on revenue yield.
Invesco PlcInvesco reported September AUM fell 0.9% to $2,537.8B on long-term outflows of $1.1B and money market withdrawals of $5.7B.
