- Barrons.com•8 hours ago
Invesco (IVZ) is rising Friday, a day after its mixed first-quarter earnings report. Invesco also announced that it agreed to buy European ETF provider Source, which has about $18 billion in assets under management (and some $7 billion externally managed assets). Wells Fargo's Christopher Harris reiterated an Outperform rating and a valuation range of $34 to $38 on Invesco, and raised his EPS estimates for this year and next on the news.
Invesco (IVZ) reported first-quarter 2017 adjusted earnings of 61 cents per share, surpassing the Zacks Consensus Estimate of 56 cents.
Fund giant Invesco (IVZ) announced that it would acquire ETF firm Source Thursday morning. The transaction amount was not disclosed, but is expected to be funded in cash. The deal includes Source's $18 billion in assets under management.
3IW.F: Summary for INVESCO LTD DL -,10 - Yahoo Finance
Invesco Ltd. (3IW.F)
Frankfurt - Frankfurt Delayed price. Currency in EUR
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At close: 8:06AM CEST
|Bid||30.07 x 30000|
|Ask||30.22 x 30000|
|Day's range||30.38 - 30.38|
|52-week range||21.10 - 31.49|
|PE ratio (TTM)||14.75|
|Dividend & yield||1.12 (3.52%)|
|1y target est||N/A|