Core Insights - Invesco Ltd. has entered into an agreement with MassMutual to repurchase $1 billion of its $4 billion outstanding Series A Preferred Stock, which is expected to close in May 2025 and will be funded through debt financing [1] - The repurchase is anticipated to be earnings accretive starting in the second half of 2025, enhancing Invesco's balance sheet flexibility while allowing for growth investments and shareholder returns [1] - MassMutual remains a significant shareholder in Invesco, holding approximately 18.2% of common shares, and has previously committed over $3 billion in seed and co-investment capital [1] Partnership Developments - Invesco and Barings, a subsidiary of MassMutual, have announced a strategic product and distribution partnership aimed at U.S. Wealth channels, with MassMutual committing $650 million to support this initiative [2][3] - The partnership will focus on providing differentiated private credit solutions, leveraging both firms' expertise in global private credit and public fixed income [3][4] - Over the long term, the collaboration aims to meet clients' income needs across various investment vehicles in the U.S. Wealth market [4] Strategic Goals - The partnership is expected to enhance Invesco's ability to deliver unique income solutions for the U.S. Wealth segment, while also improving its overall leverage profile and financial flexibility [5] - MassMutual's collaboration with Invesco and Barings is designed to strengthen its global asset management capabilities and expand product and distribution opportunities [6] - Barings aims to scale its alternative asset capabilities in the U.S. wealth market, partnering with Invesco to enhance access to private markets for wealth investors [6]

Financial Performance - Invesco reported a diluted EPS of $0.38 and an adjusted diluted EPS of $0.44 for Q1 2025[2]. - Operating income increased by 18% year-over-year, with an operating margin of 18.1% and an adjusted operating margin of 31.5%[4][10]. - Total operating revenues for Q1 2025 were $1,529.2 million, a decrease of 4.0% from Q4 2024 and an increase of 3.7% from Q1 2024[37]. - Net income attributable to Invesco Ltd. for Q1 2025 was $171.1 million, down 18.3% from Q4 2024 but up 20.9% from Q1 2024[37]. - Adjusted operating income for Q1 2025 was $349.5 million, with an adjusted operating margin of 31.5%[42]. - Diluted earnings per share (EPS) for Q1 2025 was $0.38, a decrease of 17.4% from Q4 2024, but an increase of 22.6% from Q1 2024[44]. - The company reported a 12.0% increase in net income from Q4 2024 to Q1 2025, reaching $267.3 million[37]. - Adjusted net income attributable to Invesco Ltd. for Q1 2025 was $200.5 million, compared to $237.3 million in Q4 2024[44]. Assets Under Management (AUM) - The company achieved $17.6 billion in net long-term inflows for the quarter, with $1.8 trillion in ending AUM[5][6]. - Total Assets Under Management (AUM) at the end of Q1 2025 was $1,844.8 billion, a slight decrease of 0.1% from Q4 2024[48]. - Ending long-term AUM for Q1 2025 was $1,311.2 billion, a slight increase of 0.8% from $1,301.1 billion in Q4 2024[48]. - Average long-term AUM increased by 1.3% to $1,326.8 billion in Q1 2025 from $1,310.1 billion in Q4 2024[48]. - Average AUM increased by 3.1% during the first quarter, while ending AUM was flat compared to the previous quarter[8][10]. Cash and Dividends - A quarterly common stock dividend of $0.21 per share was announced, reflecting a strong cash position[5][29]. - Invesco repurchased 1.5 million common shares for $25 million during the quarter and announced a $1 billion repurchase of preferred stock held by MassMutual[5][27]. - Cash and cash equivalents at the end of the period were $1,873.4 million, an increase from $1,425.5 million at the end of the previous quarter[59]. - Total assets as of March 31, 2025, were $28,143.6 million, up from $27,008.9 million at the end of the previous quarter[62]. Market Performance and Flows - Long-term inflows for Q1 2025 were $122.0 billion, down 8.8% compared to $133.7 billion in Q4 2024[48]. - Net long-term flows decreased by 31.3% to $17.6 billion in Q1 2025 from $25.6 billion in Q4 2024[48]. - Total net flows in Q1 2025 were $32.6 billion, down 46.5% from $60.9 billion in Q4 2024[48]. - Total net flows for the three months ended March 31, 2025, were $11.5 billion, a decrease of 23.8% compared to $15.1 billion in the previous quarter[53]. - Long-term inflows increased to $60.6 billion, up 15.2% from $52.6 billion in the previous quarter[53]. - Long-term outflows decreased slightly to $59.1 billion, down 5.6% from $62.6 billion in the previous quarter[53]. - Net long-term flows for the Americas were negative at $(6.5) billion, while EMEA saw positive net flows of $7.8 billion[53]. Expenses and Tax Rate - Total operating expenses for Q1 2025 were $1,251.9 million, a decrease of 2.3% from Q4 2024[37]. - Adjusted operating expenses for Q1 2025 were $759.2 million, a decrease from $767.1 million in Q4 2024[45]. - Adjusted employee compensation for Q1 2025 was $490.3 million, up from $485.1 million in Q4 2024[45]. - The effective tax rate was 22.5% in Q1 2025, down from 24.8% in Q4 2024[14][18]. Strategic Initiatives - The company announced a new strategic partnership with MassMutual, including a $650 million initial investment to enhance private wealth offerings[5]. - The company emphasized the importance of non-GAAP measures for assessing ongoing operational performance and making comparisons to competitors[39]. Market Gains and Losses - Market gains and losses in Q1 2025 resulted in a loss of $42.2 billion, a significant increase compared to a loss of $2.5 billion in Q4 2024[48]. - Market gains and losses for the period resulted in a loss of $4.1 billion, a significant improvement from a loss of $17.0 billion in the previous quarter[53]. - The company reported a significant foreign currency translation gain of $7.4 billion in Q1 2025, compared to a loss of $20.5 billion in Q4 2024[48].

Core Viewpoint - Invesco (IVZ) is expected to report a year-over-year increase in both earnings and revenues for the first quarter of 2025, with results influenced by a decline in adjusted expenses and higher adjusted net revenues [1][10]. Financial Performance - Invesco's adjusted earnings in the last reported quarter exceeded the Zacks Consensus Estimate, supported by a decrease in adjusted expenses and an increase in assets under management (AUM) [1]. - The preliminary total AUM as of March 31, 2025, was $1.84 trillion, remaining stable sequentially [5]. - The Zacks Consensus Estimate for Invesco's earnings is 39 cents, reflecting an 18.2% increase from the previous year, while the sales estimate is $1.1 billion, indicating a 4.9% rise [10]. Revenue Estimates - Investment management fees are projected to decline to $1.11 billion, a decrease of 1.5% from the last quarter [5]. - Performance fees are expected to drop significantly to $7 million, a 79.4% decrease from the prior quarter [6]. - Service and distribution fees are estimated to remain unchanged at $381 million, while other revenues are expected to rise by 3.9% to $53 million [6]. Cost Management - Invesco's cost-saving initiatives are anticipated to enhance efficiency, but rising compensation and marketing costs may negatively impact overall expenses [7]. - Management expects one-time implementation costs of the Alpha initiative to be around $10-15 million in Q1 2025, leading to a modest increase in overall expenses [7]. Earnings Surprise History - Invesco has a mixed earnings surprise history, surpassing the Zacks Consensus Estimate in two of the last four quarters, meeting once, and lagging once, with an average surprise of -0.97% [2]. - The current Earnings ESP for Invesco is -0.64%, and it holds a Zacks Rank of 4 (Sell), indicating low chances of beating the consensus estimate this time [8][9].

Group 1 - Invesco Ltd. reported preliminary month-end assets under management (AUM) of $1,844.8 billion, a decrease of 2.3% compared to the previous month-end [1][2] - The firm experienced net long-term inflows of $6.5 billion during the month, while non-management fee earning net outflows were $1.7 billion [1] - Money market net inflows amounted to $5.8 billion, but AUM was negatively impacted by unfavorable market returns, which decreased AUM by $60 billion [1] - Foreign exchange (FX) and reinvested distributions contributed positively, increasing AUM by $5.2 billion [1] - Preliminary average total AUM for the quarter ending March 31 was $1,880.8 billion, with preliminary average active AUM at $1,043.1 billion [1] Group 2 - AUM breakdown as of March 31, 2025: Total AUM was $1,844.8 billion, with ETFs & Index strategies at $490.0 billion, Fixed Income at $294.1 billion, and Equities at $253.8 billion [2] - Comparison of AUM over the previous months shows a decline from $1,888.6 billion in February 2025 and $1,902.8 billion in January 2025 [2] - The firm operates globally with offices in over 20 countries, providing a range of active, passive, and alternative investment capabilities [3]

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in the IT department of a top-10 financial firm [1] Company Overview - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] Investment Focus - Albert Anthony has launched the Future Investor Fund, which aims to build a dividend portfolio [1] - The brand emphasizes a focus on dividend income as a key investment strategy [1]

Group 1 - Invesco Ltd. will release its first quarter 2025 results on April 22, 2025, at approximately 7 a.m. ET [1] - A conference call to discuss the results will take place at 9 a.m. ET on the same day, with a live audio webcast available [1][2] - The earnings release and presentation materials will be posted on the Investor Relations section of Invesco's website [1] Group 2 - Invesco Ltd. is a global independent investment management firm with offices in over 20 countries [3] - The firm offers a comprehensive range of active, passive, and alternative investment capabilities [3] - For more information, Invesco's website can be visited at www.invesco.com [3]

Core Viewpoint - The Nasdaq-100 index, which includes 100 of the largest nonfinancial companies on the Nasdaq stock exchange, has experienced a correction after reaching an all-time high, presenting a potential buying opportunity for long-term investors [1][2]. Group 1: Nasdaq-100 Overview - The Nasdaq-100 index has delivered impressive returns in recent years, particularly due to its concentration of major tech companies leading the AI industry [1]. - The index has historically recovered to new record highs after corrections, suggesting resilience and potential for future growth [2]. Group 2: Invesco QQQ Trust - The Invesco QQQ Trust is an ETF that tracks the Nasdaq-100, holding the same stocks with similar weightings, making it a viable investment option [3]. - The top three holdings in the Invesco QQQ ETF are Apple, Microsoft, and Nvidia, which together have a combined market capitalization of $9 trillion [4]. Group 3: AI Industry Leaders - The ETF includes several leading companies in the AI sector, such as Amazon and Broadcom, alongside lesser-known AI powerhouses like Netflix, Cisco Systems, Intuitive Surgical, Advanced Micro Devices, and Palo Alto Networks [5]. - Netflix, with 301.6 million subscribers, utilizes AI for content recommendations and has generated a record profit of $8.7 billion on $39 billion in revenue last year [6]. - Cisco is pivoting towards AI, integrating it into its products like Webex and collaborating with Nvidia for AI security solutions [7]. - Intuitive Surgical's Da Vinci robot leverages AI for enhanced surgical precision, while AMD supplies GPUs for AI workloads, posing competition to Nvidia [8][9]. - Palo Alto Networks is integrating AI into its cybersecurity products, significantly improving threat detection and response capabilities [10][11]. Group 4: Market Conditions and Future Outlook - Stock market corrections of 10% or more are common, occurring approximately every two and a half years, often due to economic uncertainties [12]. - Tariffs imposed by the U.S. government have historically impacted the Nasdaq-100, but the index has shown resilience and recovery in the past [13][14]. - The AI sector is projected to contribute $15.7 trillion to the global economy by 2030, indicating strong growth potential for companies within the Invesco QQQ ETF [15].

As I’ve covered in a previous article , Invesco Mortgage Capital Inc. (NYSE: IVR ) offers a very high dividend yield and its business is geared to stable or lower rates. Thus, I was expecting IVR to be a good play bothLabutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio management. Associated with the existing auth ...

Core Viewpoint - Invesco Advisors, Inc. has announced the removal of Managed Distribution Plans (MDP) for two closed-end funds, Invesco Senior Income Trust (VVR) and Invesco High Income Trust II (VLT), while maintaining monthly distributions to investors [2][3]. Group 1: Fund Management Changes - The removal of the MDPs is intended to provide the funds with greater flexibility to adjust to changing income levels, as the previous MDP led to varying levels of undistributed net investment income due to market volatility [3][4]. - There are no other changes to the portfolios, investment philosophies, teams, or management styles of VVR and VLT [4]. Group 2: Distribution Details - Monthly distributions for various Invesco closed-end funds have been declared, with specific amounts listed for each fund, including VVR at $0.03801 and VLT at $0.09641 per share [6]. - The source of these distributions may include prior accumulated undistributed net investment income and potentially a return of capital, indicating that not all distributions will come from current net investment income [5]. Group 3: Tax and Reporting Information - Each fund will provide a Section 19 Notice to shareholders disclosing the sources of its dividend payments when distributions include anything other than net investment income [8]. - Form 1099-DIV will report distributions for federal income tax purposes, and annual reports will include information regarding the tax character of the distributions [7].

ATLANTA, March 20, 2025 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that, effective immediately, the Board of Trustees ("Board") of each of Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) (each, a "Fund" and collectively, the "Funds") terminated the Managed Distribution Plan for each Fund (individually, the "VLT Plan" and "VVR Plan" and collectively, the "Plans"). Pursuant to the VLT Plan, VLT paid a stated fixed mont ...