-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Invesco delivered Q1 2026 adjusted EPS of $0.57, missing our $0.62 estimate but near the $0.58 consensus, while posting its 11th consecutive quarter of positive organic growth with $21.8B in net long-term inflows. Investment management fees surged 25.6% Y/Y to $1.38B, due to the QQQ conversion benefits and higher average AUM, though service fees declined 18.6% due to QQQ's structural changes. We view the QQQ conversion as materializing as expected, contributing meaningfully to revenue growth while demonstrating IVZ's ability to capture more fee revenue from its flagship product. Management increased the quarterly dividend to $0.215 per share and authorized a new $1B share repurchase program. The 4.4% annualized organic growth rate and 300 basis point Y/Y operating margin expansion to 34.5% reflect the firm's diversified global platform strength, and we believe continued execution of the QQQ conversion benefits should support further operating leverage and shareholder returns.