Earnings
Invesco Hit A 40.7% Margin, But Its CFO Is Aiming For The 'High 30s'
CFO Allison Dukes says the asset manager will keep investing rather than manage to a margin number, with hybrid platform costs set to fade.
IVZ
Invesco (IVZ) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
Invesco Takes In $35.1 Billion Of Long-Term Inflows, Then Retires $1.5 Billion More MassMutual Preferred
The asset manager's adjusted operating margin widened to 40.7% while it funded the preferred buyback with a new five-year term loan.
Deals
Invesco Takes On A $1.5 Billion Loan To Buy Back MassMutual's Preferred Stock At A 12.5% Premium
The asset manager paid a 12.5% premium on the shares, and MassMutual keeps $1 billion of preferred stock.
SEC Filings
Invesco's Preliminary September AUM Fell 0.9% To $2,537.8 Billion, But Its Own Table Shows A Different Total
The press release's text and its table disagree on the September 30 total, and all September figures are preliminary.