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NEW YORK - Invesco Ltd . (NYSE: NYSE:IVZ) reported better-than-expected fourth quarter earnings on Monday, driven by strong net inflows and higher assets under management.
The asset manager posted adjusted earnings per share of $0.52, topping analyst estimates of $0.48. Revenue came in at $1.16 billion, in line with expectations.
Invesco saw $25.6 billion of net long-term inflows in Q4, primarily driven by ETFs and Asia Pacific managed products. Total (EPA:TTEF) assets under management reached $1.85 trillion at quarter-end, up 2.8% from the previous quarter and 16.4% year-over-year.
"During the fourth quarter and throughout 2024, we continued to make meaningful progress in executing our strategic priorities and leveraging our competitive advantages to drive improved business performance," said Andrew Schlossberg, President and CEO of Invesco.
The company reported an adjusted operating margin of 33.7% for Q4, up from 31.6% in Q3. Invesco repurchased 1.4 million shares for $25 million during the quarter.
Looking ahead, Schlossberg said: "As we enter the new year, we believe our global footprint, leading distribution platform, with particular strength in wealth management, and diverse set of investment capabilities will continue to meet client demand and generate profitable growth."
Invesco declared a quarterly cash dividend of $0.205 per share.
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