Invesco beats by $0.05, misses on revs; Increases dividend 3.6%; Acquires Sopurce:
- Reports Q1 (Mar) earnings of $0.61 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.56; revenues fell 0.2% year/year to $1.19 bln vs the $1.22 bln two analyst estimate.
- Long-term net inflows of $1.8 billion, annualized organic growth rate of 1%.
- "Based on the strong fundamentals in our business, we're increasing our quarterly dividend to $0.29 per share, which represents a 3.6% increase over the prior year."
- Source Acquisition
- Announced that it has entered into a definitive agreement to acquire Source, a independent specialist provider of exchange-traded funds (ETFs) based in Europe. The transaction includes approximately $18 billion in Source-managed AUM, plus approximately $7 billion of externally managed AUM (as of March 31, 2017). The acquisition brings additional talent and a broad array of funds that further expand the depth and breadth of Invesco's active, passive and alternative capabilities.
No comments:
Post a Comment