Dernières nouvelles pour Invesco (NYSE:IVZ) Stock

Invesco

Invesco provides investment-management services to retail (66% of managed assets) and institutional (34%) clients. At the end of August 2024, the firm had $1.752 trillion in assets under management spread among its equity (58% of AUM), balanced (4%), fixed-income (23%), alternative investment (7%), and money market (8%) operations. Passive products account for 42% of Invesco's total AUM, including 65% of the company's equity operations and 15% of its fixed-income platform. Invesco's US retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 28% of its AUM sourced from Europe, Africa, and the Middle East (14%) and Asia (14%).

Invesco Ltd

INVESCO ORD

IVZ COINSHRES BLOKCHAIN UCTS ETF GBX

IVZ COMMUNICATIONS US SECTOR UCITS ETF

IVZ DJ ISLMIC GLBL DEV UCITS ETF ACC

IVZ FTSE WLD UCITS ETF ACC

IVZ FTSE WLD UCITS ETF DIST

IVZ ISTOXX E MF ETF

IVZ MSCI CHINA ALL SHR CON UCITS ETF

IVZ MSCI CHNA TCH AL SH UCTS ETF ACC

IVZ MSCI EM ESG UCITS ETF

IVZ MSCI EM PA ETF

IVZ MSCI EUR ESG UNI SCREEN UCITS ETF

IVZ MSCI JAPAN CPA ESG UCITS ETF

IVZ MSCI JAPAN ESG UNI SCR UCITS ETF ACC

IVZ MSCI PAC EX JPN ESG UCITS ETF ACC

IVZ MSCI USA CPA ESG UCITS ETF

IVZ MSCI USA ESG UNI SCREEN UCITS ETF

IVZ MSCI WORLD CPA ESG UCITS ETF

IVZ MSCI WORLD EQUAL UCITS ETF AC

IVZ MSCI WORLD ESG UNI SCREEN UCITS ETF

IVZ NASDAQ 100 ESG UCITS ETF

IVZ NASDAQ-100 ETF

IVZ NASDAQ-100 SWAP UCITS ETF

IVZ NASDAQ-100 SWAP UCITS ETF DIST

IVZ PREFERRED SHARES ETF ACC

IVZ S P ENRG ESG UCITS ETF ACC

IVZ S P WLD FIN ESG UCITS ETF ACC

IVZ S P WLD HEALTH ESG UCITS ETF ACC

IVZ S P WLD IT ESG UCITS ETF ACC

IVZ S&P 500 ESG UCITS ETF

IVZ S&P CHINA ETF

IVZ US INSURANCE UCITS ETF ACC

IVZ US TREA BOND 0-1 YEAR ETF

Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) remains well-positioned for growth on the back of diversified offerings, efforts to enhance operating efficiency and solid assets under management balance. However, a high intangible assets composition on the balance sheet and subdued revenue performance are major headwinds.
<h2>Invesco&#39;s Catalysts</h2>
Invesco has been recording steady improvement in the AUM balance. The metric witnessed a compound annual growth rate (CAGR) of 12.3% over the five years ended 2023. The OppenheimerFunds acquisition in 2019 led to a significant rise in the company&#39;s AUM, turning it into one of the leading global asset managers. Invesco has been capitalizing on the rising demand for passive offerings, which constituted 42% of total AUM as of June 30, 2024, up from 34% in the corresponding period of 2023.
<img alt="Invesco Ltd." src="https://staticx-tuner.zacks.com/images/articles/charts/39/80375.jpg?v=159979789" />
Image Source: Invesco Ltd.
IVZ has been executing initiatives to enhance operating efficiency. The company surpassed its goal for net cost synergies from the OppenheimerFunds acquisition and achieved $200 million in annualized net savings before the planned schedule. While adjusted operating expenses experienced a 2.2% rise in 2023, the trend reversed in the first six months of 2024. The company aims to generate $60 million in annual net savings this year as part of the organizational changes.
Further, Invesco holds a strong footprint in Europe, Canada and the Asia-Pacific, besides the United States. As of June 30, 2024, roughly 28% of the total AUM was from clients residing outside the United States. The acquisitions of Intelliflo, a leading U.K.-based advisor-focused digital solutions firm, and Europe-based Source, a leading independent specialist provider of ETFs, helped the company enhancing global market share and footprint. Such strategic pursuits, as well as diversified offerings, are likely to support the company in generating further momentum from business in such regions.
<h2>Factors That Weigh on Invesco</h2>
Invesco&#39;s subdued top-line expansion is a major concern. Though total operating revenues grew in the first half of 2024, the metric has been experiencing a downtrend since the second half of 2020. Despite having a robust institutional pipeline, diversified product offerings, alternative investment strategies and strong retail channels, revenues are likely to remain subdued in the near term due to a challenging operating backdrop.
A substantial amount of intangible assets in the IVZ&#39;s balance sheet is another major challenge, as these are subject to an annual review. As of June 30, 2024, goodwill and intangible assets amounted to $14.4 billion (53.1% of Invesco&#39;s total assets). Several factors may trigger the initiation of impairment of the book value of such assets, due to which their values will be written down. This is expected to negatively impact the company&#39;s financials. In 2023, amortization and impairment of intangible assets-related charges hampered the company&#39;s profitability, resulting in a net loss.
Invesco currently carries a Zacks Rank #3 (Hold). Over the past three months, shares of the company have risen 17.1%, outperforming the industry&#39;s growth of 15.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/80377.jpg?v=873665951" />
Image Source: Zacks Investment Research
<h2>IVZ&#39;s Peers Worth Considering</h2>
Some better-ranked asset managers worth a look are Ameriprise (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>) and SEI Investments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>), carrying a Zacks Rank #2 (Buy).
Estimates for AMP&#39;s current-year earnings have been revised marginally upward in the past week. Ameriprise&#39;s shares have rallied 11% over the past three months.
Estimates for SEIC&#39;s current-year earnings have been revised slightly north in the past seven days. Shares of SEI Investments have gained 6.7% over the past three months.
<a href="https://www.zacks.com/stock/news/2346134/restructuring-moves-aum-aid-invesco-muted-revenues-a-concern?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2346134">To read this article on Zacks.com click here.</a>

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SEIC

Restructuring Moves & AUM Aid Invesco, Muted Revenues a Concern

A renowned financial advisor, lawyer, and CEO of Creative Planning, Peter Mallouk, has expressed concerns about the future of the Registered Investment Advisory (RIA) industry despite projections that it will exceed <a href="https://www.benzinga.com/personal-finance/financial-advisors">$2.92 trillion by 2029.</a>
Mallouk discussed industry news with The Daily Upside at Future Proof, the world&#8217;s largest wealth festival, in Huntington Beach, CA.
&#8220;The market has been on a 15-year bull run and just gone straight up. When the markets normalize, there will be a mass slaughter. I mean, it's going to be really bad, and it's going to happen in a very short, multiyear period," he said, adding that many RIA's have grown complacent, owing to the success of the broad industry.
However, the market might struggle to hear him over the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">sounds of its fireworks</a>. The FED has just cut interest rates by 50 basis points, equities are at fresh all-time highs, and the RIA industry seems to thrive.
Franklin Templeton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>), an industry leader, manages as many as 455 open-ended mutual funds, while Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) <a href="https://www.benzinga.com/news/earnings/24/07/39910961/invesco-q2-earnings-beat-despite-yy-revenue-decline">recently reported</a> a 12% year-over-year increase in assets under management, surpassing $1.7 trillion. Despite these figures demonstrating the industry&#8217;s momentum, Mallouk believes many firms could be vulnerable if market conditions change.
Mallouk also points to larger economic risks, particularly related to deficit spending – which is set to reach $1.9 trillion in 2024, up from $1.7 trillion in 2023.
&#8220;It's really hard to get your brain around just how much money is sloshing around the system and what deficit spending does to the economy," he said.
Technology is another area where Mallouk sees both promise and peril. While advancements like artificial intelligence (AI) can enhance efficiency and scalability, they also introduce risks, including cybersecurity threats and misinformation.
Canadian veteran financial planner Jason Pereira recently echoed a similar sentiment, particularly addressing the hype surrounding generative AI.
&#8220;Generative AI is the most meaningful technological change since mobile computing,&#8221; he wrote <a href="https://www.kitces.com/blog/generative-ai-artificial-intelligence-advisor-technology-chat-gpt-software-innovation/">for</a> Kitces. While recognizing it as the biggest transformative advancement in years, he cautions that its full impact won&#8217;t be felt immediately.
&#8220;Can they expect to find an AI tool that changes everything today? Quite simply, no. Can it happen in 10 years? That's a much more probable outcome,&#8221; he noted.
Pereira stresses that while AI can speed up certain processes, its effectiveness depends on how well advisors understand and use the technology. 
&#8220;It doesn't make things better; it makes things faster—if you know what you're doing,&#8221; he explained, suggesting that firms should focus on mastering technology rather than relying on it to solve all their problems.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

Personal Finance

'Mass Slaughter': Wealth Manager Warns Of Market Correction, Digital Disruption As ETF, Passive Investing Goes Up And To The Right

S64, the global alternative investments fintech and solutions partner to the wealth management industry, and Invesco Asset Management Limited (Invesco), the US$1.7 trillion global investment management firm, have announced a partnership to broaden access to Invesco Real Estate&#39;s European III Fund to the wealth management industry in Europe and Asia.
The new&nbsp;European Real Estate III Feeder Fund&nbsp;(Europe III Feeder) invests in Invesco&#39;s dedicated value-add and opportunistic strategy &ndash;&nbsp;Invesco Real Estate Europe III&nbsp;(Europe III). The Europe III Feeder follows Invesco&#39;s focus on enabling High Net Worth investors to invest in institutional quality real estate targeting high returns through an innovative digital distribution platform built by S64.
The Europe III Fund seeks to capitalise on an attractive entry point to fundamental, long-term value creation. The fund held its first close with EUR 400m, and is targeting up to EUR 1 billion of investor commitments, as it builds on Invesco Real Estate&#39;s European value-add track record and the success of two previous funds. Overall, the value-add strategies have completed 39 investments across six sectors in 10 countries, with 21 realised investments delivering a&nbsp;35%&nbsp;gross IRR and 1.7x gross EM.1&nbsp;Consistent with Invesco&#39;s ESG principles, more than&nbsp;80%&nbsp;of the invested capital from the last two capital raises has been allocated to investments achieving high ESG certifications.&quot;

Government

Regulations

S64 and Invesco Partner to Expand Access to European Real Estate Fund for Wealth Management in Europe and Asia

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$255.00</td>
<td>$399.7K</td>
<td>1.6K</td>
<td>2.1K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.00</td>
<td>$37.8K</td>
<td>4.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$200.00</td>
<td>$37.0K</td>
<td>2.3K</td>
<td>917</td>
</tr>
<tr>
<td>CRBG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$26.00</td>
<td>$33.5K</td>
<td>619</td>
<td>767</td>
</tr>
<tr>
<td>IVZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$15.00</td>
<td>$47.3K</td>
<td>727</td>
<td>412</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$45.00</td>
<td>$122.0K</td>
<td>1.1K</td>
<td>203</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$500.00</td>
<td>$50.4K</td>
<td>128</td>
<td>64</td>
</tr>
<tr>
<td>BK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$75.00</td>
<td>$26.7K</td>
<td>45</td>
<td>60</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$242.5K</td>
<td>351</td>
<td>53</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$410.00</td>
<td>$34.1K</td>
<td>65</td>
<td>6</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 1950 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $399.7K, with a price of $205.0 per contract. There were 1673 open contracts at this strike prior to today, and today 2110 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $21.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $37.8K, with a price of $189.0 per contract. There were 4126 open contracts at this strike prior to today, and today 1655 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 28 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $1324.0 per contract. There were 2314 open contracts at this strike prior to today, and today 917 contract(s) were bought and sold. 
• Regarding CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we observe a put option sweep with bearish sentiment. It expires in 36 day(s) on October 18, 2024. Parties traded 479 contract(s) at a $26.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $70.0 per contract. There were 619 open contracts at this strike prior to today, and today 767 contract(s) were bought and sold. 
• For IVZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>), we notice a call option sweep that happens to be neutral, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 412 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $115.0 per contract. There were 727 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 127 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $122.0K, with a price of $610.0 per contract. There were 1151 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option trade that happens to be neutral, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 22 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $2291.0 per contract. There were 128 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
• Regarding BK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), we observe a call option trade with neutral sentiment. It expires in 491 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $535.0 per contract. There were 45 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option trade that happens to be bullish, expiring in 281 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $242.5K, with a price of $4850.0 per contract. There were 351 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option trade that happens to be bearish, expiring in 827 day(s) on December 18, 2026. This event was a transfer of 3 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $11370.0 per contract. There were 65 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

CRBG

HOOD

10 Financials Stocks Whale Activity In Today's Session

Franklin Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>) reported its preliminary assets under management of $1.68 trillion as of Aug. 31, 2024. This reflected an increase of 1.1% from the prior month&#39;s level.
The improvement in AUM balance was due to the impact of positive markets, partially offset by long-term net outflows. Outflows included $7.7 billion of long-term net outflows at Western Asset Management. As previously revealed, the Macro Opportunities strategy, included in Alternative AUM, is closing and had $1.1 billion of AUM as of Aug. 31, 2024, and $0.9 billion of net outflows in the month.
<h2>Break Down of BEN&#39;s AUM Based on Asset Class</h2>
BEN recorded equity assets of $603.7 billion, which rose 2.5% from the previous month. Further, fixed income AUM of $574.5 billion at the end of August 2024 increased marginally from the prior month. Likewise, Multi-asset AUM was $172.9 billion, growing modestly from July 2024.
On the other hand, Alternative AUM decreased 1.5% to $251.2 billion from the prior month&#39;s level. Alternative AUM in the reported month includes a $2 billion reduction related to the reclassification of assets under administration.
The cash management balance was $64.35 billion, up 4.6% from the previous month.
<h2>Our Viewpoint on BEN</h2>
Franklin&#39;s efforts to diversify business through buyouts, solid AUM balance and a strong distribution platform will aid its top line. However, elevated expenses and volatility in investment management fees, which bring in the majority of its revenues, are near-term concerns.
Over the past three months, shares of BEN have plunged 11.5% against the industry&#39;s 3.8% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/77484.jpg?v=1359146759" />
Image Source: Zacks Investment Research
Currently, BEN carries a Zacks Rank #3 (Hold).
<h2>Performance of Other Asset Managers</h2>
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported a preliminary AUM of $88.1 billion as of Aug. 31, 2024. This reflected a rise of 4.1% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $3.7 billion and net inflows of $8 billion, partially offset by distributions of $152 million.
Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) reported a preliminary month-end AUM of $1.75 trillion in August 2024. This represented a 1.1% increase from the previous month.
IVZ reported net long-term inflows of $2.4 billion in August. Non-management fee-earning net inflows were $0.9 billion, while money market net outflows totaled $6.4 billion. Further, Invesco&#39;s AUM was favorably impacted by solid market returns, which boosted its AUM by $16 billion. Further, FX increased the AUM balance by $7.3 billion.
<a href="https://www.zacks.com/stock/news/2335231/franklin-s-august-aum-balance-improves-on-favorable-markets?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2335231">To read this article on Zacks.com click here.</a>

Equities

Management

Franklin's August AUM Balance Improves on Favorable Markets

Wells Fargo analyst Michael Brown initiates coverage on Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Underweight rating and announces Price Target of $16.

Price Target

Initiation

Wells Fargo Initiates Coverage On Invesco with Underweight Rating, Announces Price Target of $16

Barclays analyst Benjamin Budish initiates coverage on Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Equal-Weight rating and announces Price Target of $18.

Barclays Initiates Coverage On Invesco with Equal-Weight Rating, Announces Price Target of $18

In the last three months, 4 analysts have published ratings on Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $17.25, a high estimate of $18.00, and a low estimate of $17.00. Observing a 3.79% increase, the current average has risen from the previous average price target of $16.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1724158863_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Invesco among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$17.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Kenneth Lee</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$17.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$17.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Invesco. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Invesco compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Invesco's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Invesco's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/IVZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Invesco analyst ratings.</a>
<h2>All You Need to Know About Invesco</h2>
Invesco provides investment-management services to retail (66% of managed assets) and institutional (34%) clients. At the end of March 2024, the firm had $1.663 trillion in assets under management spread among its equity (54% of AUM), balanced (4%), fixed-income (20%), alternative investment (10%), and money market (12%) operations. Passive products account for 40% of Invesco's total AUM, including 65% of the company's equity operations and 15% of its fixed-income platform. 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 North America, with 29% of its AUM sourced from Europe, Africa, and the Middle East (14%) and Asia (15%).
<h3>Invesco's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Invesco displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 2.81%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Invesco's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 8.91%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.25%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Invesco's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.48%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Invesco's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.72.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Invesco: Insights From 4 Financial Analysts

Evercore ISI Group analyst Glenn Schorr maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a In-Line and raises the price target from $17 to $18.

Evercore ISI Group Maintains In-Line on Invesco, Raises Price Target to $18

Deutsche Bank analyst Brian Bedell maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Hold and raises the price target from $16 to $17.

Deutsche Bank Maintains Hold on Invesco, Raises Price Target to $17

WIIM

ALLY

ARES

Brighthouse Financial, Inc. - Common Stock

ENVA

IBKR

KSPI

LPLA

NCPL

NTRS

OSCR

PIPR

SLQT

SOFI

TROW

UPST

VALU

Shares of companies within the broader financial sector are trading lower amid overall market weakness following weak US jobs data.

RBC Capital analyst Kenneth Lee maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Sector Perform and raises the price target from $16 to $17.

RBC Capital Maintains Sector Perform on Invesco, Raises Price Target to $17

Invesco&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) second-quarter 2024 adjusted earnings of 43 cents per share surpassed the Zacks Consensus Estimate of 41 cents. The bottom line increased 38.7% from the prior-year quarter.
Results have been primarily aided by a decline in adjusted expenses. An increase in the assets under management balance on decent inflows was a positive. However, marginally lower adjusted revenues hurt results to some extent.
On a GAAP basis, net income attributable to common shareholders was $132.2 million or 29 cents per share, unchanged from a year ago. Our estimate for the metric was $146.4 million.
<h3>Adjusted Revenues &amp; Expenses Decline</h3>
Adjusted net revenues were $1.09 billion, falling marginally year over year. The top line marginally surpassed the Zacks Consensus Estimate of $1.08 billion.
Adjusted operating expenses were $750.5 million, down 4.8% on a year-over-year basis. We expected the metric to be $787.9 million.
The adjusted operating margin was 30.9%, up from 27.7% a year ago.
<h3>AUM Balance Increases</h3>
As of Jun 30, 2024, AUM was $1.72 trillion, which increased 11.5% year over year. Our estimate for AUM was $1.67 trillion. The average AUM at second-quarter end totaled $1.67 trillion, up 11.7%.
The company witnessed long-term net inflows of $16.7 billion in the reported quarter.
<h3>Balance Sheet Strong</h3>
As of Jun 30, 2024, cash and cash equivalents were $878.5 million compared with $895.7 million as of Mar 31, 2024.
The long-term debt was $890.1 million.
<h3>Our View</h3>
Invesco is well-poised to benefit from its global footprint, product offerings and strategic buyouts. However, elevated expenses, a challenging market environment and high debt levels are major near-term concerns.
<div class="chart_embed">
<h3>Invesco Ltd. Price, Consensus and EPS Surprise</h3>
<img alt="Invesco Ltd. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/7a/1721735694.png" style="height:265px; width:577px" title="" />
Invesco Ltd. price-consensus-eps-surprise-chart | Invesco Ltd. Quote
</div>
Currently, IVZ carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Asset Managers</h3>
BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter.
BLK&#39;s results benefited from a rise in revenues. AUM witnessed a solid improvement, driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds for BLK.
Blackstone&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>) second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure declined 3.2% from the prior-year quarter.
BX&#39;s results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and an improvement in the AUM balance were tailwinds.
<a href="https://www.zacks.com/stock/news/2307093/invesco-ivz-q2-earnings-beat-despite-y-y-revenue-decline?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307093">To read this article on Zacks.com click here.</a>

Earnings Beats

Invesco Q2 Earnings Beat Despite Y/Y Revenue Decline

Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.40 by 7.5 percent. This is a 38.71 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $1.086 billion which missed the analyst consensus estimate of $1.089 billion by 0.26 percent. This is a 0.46 percent decrease over sales of $1.091 billion the same period last year.

Earnings Misses

Invesco Q2 2024 Adj EPS $0.43 Beats $0.40 Estimate, Sales $1.086B Miss $1.089B Estimate

Blackstone&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>) second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure reflects a decline of 3.2% from the prior-year quarter.
Shares of the company lost 1.5% in the pre-market trading. However, a full day&#39;s trading session will depict a clearer picture.
Results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and improvement in the assets under management balance were tailwinds.
Net income attributable to Blackstone was $444.4 million compared with $601.3 million in the year-ago quarter.
<h3>Segment Revenues Improve, GAAP Expenses Rise</h3>
Total segment revenues were $2.52 billion, up 7% year over year. The top line outpaced the Zacks Consensus Estimate of $2.51 billion.
On a GAAP basis, revenues were $2.80 billion, down marginally year over year.
Total expenses (GAAP basis) were $1.63 billion, up 10.7% year over year.
As of Jun 30, 2024, Blackstone had $8.7 billion in total cash, cash equivalents and corporate treasury investments, and $17.7 billion in cash and net investments. The company has a $4.3-billion undrawn credit revolver.
<h3>AUM Rises</h3>
Fee-earning AUM grew 11% year over year to $808.7 billion as of Jun 30, 2024.
The total AUM amounted to $1.08 trillion as of the same date, up 7% year over year. The rise in total AUM was primarily driven by $39.4 billion in inflows in the reported quarter.
As of Jun 30, 2024, the undrawn capital available for investment was $181 billion.
<h3>Our Take</h3>
Blackstone is well-poised for top-line growth, supported by a continued rise in AUM. The company is expected to keep gaining from its fund-raising ability. However, high expenses and a challenging operating backdrop are expected to hurt the bottom line in the near term.
<div class="chart_embed">
<h3>Blackstone Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Blackstone Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1a/1721305539.png" style="height:265px; width:584px" title="" />
Blackstone Inc. price-consensus-eps-surprise-chart | Blackstone Inc. Quote
Currently, Blackstone carries a Zacks Rank #4 (Sell).
</div>
<h3>Performance &amp; Earnings Release Date of Other Asset Managers</h3>
BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter.
BLK&#39;s results benefited from a rise in revenues. AUM witnessed solid improvement driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds for BLK.
Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) is scheduled to announce second-quarter 2024 numbers on Jul 23.
Over the past month, the Zacks Consensus Estimate for IVZ&#39;s quarterly earnings has been unchanged at 41 cents. Also, the figure implies a jump of 32.3% from the prior-year reported number.
<a href="https://www.zacks.com/stock/news/2304334/blackstone-bx-q2-earnings-miss-stock-dips-as-costs-rise?cid=CS-BENZ-FT-analyst_blog|earnings_article-2304334">To read this article on Zacks.com click here.</a>

Blackstone Q2 Earnings Miss, Stock Dips as Costs Rise

Analysts' ratings for Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $17.31, a high estimate of $19.50, and a low estimate of $16.50. A decline of 3.99% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1719928900_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Invesco among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$17.50</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$19.50</td>
<td>$21.00</td>
</tr>
<tr>
<td>Etienne Ricard</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$17.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.75</td>
<td>$17.75</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$17.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.75</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Invesco. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Invesco compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Invesco's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Invesco's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/IVZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Invesco analyst ratings.</a>
<h2>Discovering Invesco: A Closer Look</h2>
Invesco provides investment-management services to retail (66% of managed assets) and institutional (34%) clients. At the end of March 2024, the firm had $1.663 trillion in assets under management spread among its equity (54% of AUM), balanced (4%), fixed-income (20%), alternative investment (10%), and money market (12%) operations. Passive products account for 40% of Invesco's total AUM, including 65% of the company's equity operations and 15% of its fixed-income platform. 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 North America, with 29% of its AUM sourced from Europe, Africa, and the Middle East (14%) and Asia (15%).
<h3>Financial Milestones: Invesco's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Invesco showcased positive performance, achieving a revenue growth rate of 4.03% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 9.59%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Invesco's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.34%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.5%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Invesco's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.82.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 8 Takes On Invesco

Goldman Sachs analyst Alexander Blostein maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Neutral and lowers the price target from $17.5 to $17.

Goldman Sachs Maintains Neutral on Invesco, Lowers Price Target to $17

SPGI

TREE

Shares of financial stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.

Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported preliminary assets under management of $80.5 billion as of May 31, 2024. This reflected growth of 4.3% from the prior month&#39;s level. 
The increase was mainly attributable to a market appreciation of $3.6 billion. This was partly offset by net outflows of $93 million and distributions of $150 million. 
Cohen &amp; Steers recorded total institutional accounts of $32.1 billion at the end of May 2024, jumping 4.8% from the April 2024-end. Of the total institutional accounts, advisory accounts were $18.3 billion, while the rest were sub-advisory. 
Closed-end funds were $11.1 billion, up 3.1% from the April 2024-end level. Further, Open-end funds were $37.3 billion, which rose 4.2% from the previous month. 
CNS&#39; diverse product offerings, global reach and investment strategies are expected to support its financials. A solid AUM balance is likely to continue supporting the top line. However, a challenging operating environment is a major near-term headwind, which might hurt its financials to some extent. 
Over the past year, Cohen &amp; Steers shares have gained 16.5%, underperforming the industry&#39;s growth of 26.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f2/68569.jpg?v=2068418719" /> 
Image Source: Zacks Investment Research
<h3>Competitive Landscape</h3>
We now look forward to the monthly performance metrics of Invesco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) and Franklin Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>), which are expected to release results in the coming days. 
Currently, both IVZ and BEN carry a Zacks Rank of 3 (Hold).
<a href="https://www.zacks.com/stock/news/2286587/cohen-steers-cns-may-aum-balance-rises-on-upbeat-markets?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2286587">To read this article on Zacks.com click here.</a>

Cohen & Steers May AUM Balance Rises on Upbeat Markets

Hedge funds made strategic adjustments to their portfolios throughout <a href="https://www.benzinga.com/general/hedge-funds">the first quarter of 2024</a>.
Firms are looking for high-return opportunities beyond the <a href="https://www.benzinga.com/topic/magnificent-seven">mega-cap tech giants</a> preferring to focus on cyclical sectors and artificial intelligence (AI)-related infrastructure stocks.
Except for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), positions in several &#8216;Magnificent Seven&#8217; stocks — Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) — were trimmed from hedge funds.
Still, the strong performance of the so-called &#8216;Magnificent 7&#8242; tech stocks maintained their weight at 13% of hedge fund long portfolios, according to the latest Goldman Sachs&#8217; Hedge Fund Monitor report.
<h3 class="wp-block-heading">Cyclical Sectors</h3>
In parallel, hedge funds expanded their investments in cyclical sectors, elevating the exposure to Financials.
Information Technology remained the largest net sector weight at the start of Q2 2024. It accounts for 18% of total net exposure. However, it also registered the largest underweight relative to the Russell 3000, with a -913 basis points (bp) difference. Health Care was the largest overweight sector, with a +375 bp difference.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>Hedge Funds&#8217; Net Weight</th>
<th>Russell 3000 Weight</th>
<th>Hedge Fund Net Tilt</th>
</tr>
</thead>
<tbody>
<tr>
<td>Health Care</td>
<td>15.8%</td>
<td>12.0%</td>
<td>+375 bp</td>
</tr>
<tr>
<td>Communication Services</td>
<td>11.0%</td>
<td>8.8%</td>
<td>+226 bp</td>
</tr>
<tr>
<td>Industrials</td>
<td>12.1%</td>
<td>9.9%</td>
<td>+222 bp</td>
</tr>
<tr>
<td>Materials</td>
<td>4.8%</td>
<td>2.7%</td>
<td>+205 bp</td>
</tr>
<tr>
<td>Energy</td>
<td>4.9%</td>
<td>3.8%</td>
<td>+109 bp</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>11.9%</td>
<td>10.8%</td>
<td>+107 bp</td>
</tr>
<tr>
<td>Utilities</td>
<td>2.8%</td>
<td>2.1%</td>
<td>+76 bp</td>
</tr>
<tr>
<td>Financials</td>
<td>13.3%</td>
<td>14.2%</td>
<td>-98 bp</td>
</tr>
<tr>
<td>Real Estate</td>
<td>1.5%</td>
<td>2.6%</td>
<td>-114 bp</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>4.0%</td>
<td>6.0%</td>
<td>-196 bp</td>
</tr>
<tr>
<td>Information Technology</td>
<td>17.9%</td>
<td>27.0%</td>
<td>-913 bp</td>
</tr>
<tr>
<td>Total</td>
<td>100.0%</td>
<td>100.0%</td>
<td>0 bp</td>
</tr>
</tbody>
</table>
</figure>
There was also a notable rotation towards utilities, reflecting a <a href="https://www.benzinga.com/topic/artificial-intelligence">broader AI investment focus</a>. 
In particular, hedge funds have shown a keen interest in Phase 2 Infrastructure stocks within the AI sector. Among the companies that have seen the largest increase in hedge fund popularity, are:
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</li>
<li>TD Synnex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)</li>
<li>AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</li>
<li>Littelfuse Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) </li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38927907/ai-driven-rally-set-to-expand-to-power-commodities-utilities-its-not-just-about-nvi">AI-Driven Rally Set To Expand To Power, Commodities, Utilities: &#8216;It&#8217;s Not Just About Nvidia Anymore&#8217;</a>
<h3 class="wp-block-heading">Most Popular Hedge Funds&#8217; Increase In AI Universe During Q1 2024</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Subsector</td>
</tr>
<tr>
<td>Marvell Technology, Inc.</td>
<td>Semiconductors</td>
</tr>
<tr>
<td>TD SYNNEX Corporation</td>
<td>Technology Distributors</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>Technology Hardware Storage &amp; Peripherals</td>
</tr>
<tr>
<td>AES Corporation</td>
<td>Independent Power Producers &amp; Energy Traders</td>
</tr>
<tr>
<td>Littelfuse, Inc.</td>
<td>Electronic Components</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>Application Software</td>
</tr>
<tr>
<td>Freeport-McMoRan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) </td>
<td>Copper</td>
</tr>
<tr>
<td>Walgreens Boots Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NYSE">WBA</a>)</td>
<td>Drug Retail</td>
</tr>
<tr>
<td>Nextracker Inc. Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>Electrical Components &amp; Equipment</td>
</tr>
<tr>
<td>First American Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAF#NYSE">FAF</a>)</td>
<td>Property &amp; Casualty Insurance</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Most Concentrated Hedge Fund Holdings In The S&amp;P 500</h3>
The Goldman Sachs&#8217; Hedge Fund Monitor asserts that portfolio concentration among hedge funds remains particularly elevated. 
The typical hedge fund maintains 70% of its long portfolio in the top 10 positions. This trend remained extremely elevated in Q1 2024.
The following table details the top 20 most concentrated hedge fund holdings within the S&amp;P 500, highlighting where hedge funds are investing their capital.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Sector</th>
<th>Sub-sector</th>
<th>% of Equity Cap Owned by Hedge Funds</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>)</td>
<td>Consumer Discretionary</td>
<td>Other Specialty Retail</td>
<td>27%</td>
</tr>
<tr>
<td>Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>)</td>
<td>Energy</td>
<td>Oil &amp; Gas Exploration &amp; Production</td>
<td>16%</td>
</tr>
<tr>
<td>Ralph Lauren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td>
<td>Consumer Discretionary</td>
<td>Apparel Accessories &amp; Luxury Goods</td>
<td>15%</td>
</tr>
<tr>
<td>Expedia Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>)</td>
<td>Consumer Discretionary</td>
<td>Hotels, Resorts &amp; Cruise Lines</td>
<td>14%</td>
</tr>
<tr>
<td>Universal Health Svc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>Health Care</td>
<td>Health Care Facilities</td>
<td>14%</td>
</tr>
<tr>
<td>Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>Information Technology</td>
<td>Technology Hardware, Storage &amp; Peripherals</td>
<td>13%</td>
</tr>
<tr>
<td>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>Utilities</td>
<td>Electric Utilities</td>
<td>13%</td>
</tr>
<tr>
<td>Invesco Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>)</td>
<td>Financials</td>
<td>Asset Management &amp; Custody Banks</td>
<td>13%</td>
</tr>
<tr>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>Utilities</td>
<td>Independent Power Producers &amp; Energy Traders</td>
<td>13%</td>
</tr>
<tr>
<td>Caesars Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NYSE">CZR</a>)</td>
<td>Consumer Discretionary</td>
<td>Casinos &amp; Gaming</td>
<td>12%</td>
</tr>
<tr>
<td>Evergy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>)</td>
<td>Utilities</td>
<td>Electric Utilities</td>
<td>12%</td>
</tr>
<tr>
<td>Catalent Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>)</td>
<td>Health Care</td>
<td>Pharmaceuticals</td>
<td>11%</td>
</tr>
<tr>
<td>Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>)</td>
<td>Information Technology</td>
<td>Communications Equipment</td>
<td>11%</td>
</tr>
<tr>
<td>Dollar Tree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>)</td>
<td>Consumer Staples</td>
<td>Consumer Staples Merchandise Retail</td>
<td>11%</td>
</tr>
<tr>
<td>NiSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</td>
<td>Utilities</td>
<td>Multi-Utilities</td>
<td>10%</td>
</tr>
<tr>
<td>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>Health Care</td>
<td>Biotechnology</td>
<td>10%</td>
</tr>
<tr>
<td>Lamb Weston Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>)</td>
<td>Consumer Staples</td>
<td>Packaged Foods &amp; Meats</td>
<td>10%</td>
</tr>
<tr>
<td>Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>)</td>
<td>Information Technology</td>
<td>Semiconductors</td>
<td>10%</td>
</tr>
<tr>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>Financials</td>
<td>Consumer Finance</td>
<td>10%</td>
</tr>
<tr>
<td>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)</td>
<td>Health Care</td>
<td>Managed Health Care</td>
<td>10%</td>
</tr>
</tbody>
</table>
</figure>
Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38991084/inflation-stresses-retail-traders-as-fed-cuts-look-unlikely-crypto-doubts-increase-survey">Inflation Stresses Retail Traders As Fed Cuts Look Unlikely, Crypto Doubts Increase: Survey</a>
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