Invesco Ltd. Earnings Cheat Sheet: Raises Quarter Dividend 12.25% on Strength

S&P 500 (NYSE:SPY) component Invesco Ltd. (NYSE:IVZ) reported higher profit for the first quarter as revenue showed growth. Invesco Ltd. is a global investment management company providing retail, institutional and high-net-worth clients around the world with innovative solutions.

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Invesco Earnings Cheat Sheet for the First Quarter

Results: Net income for the asset management company rose to $177.5 million (38 cents/share) vs. $95 million (21 cents/share) in the same quarter a year earlier. A rise of 86.8% from the year earlier quarter.

Revenue: Rose 42.9% to $1.03 billion YoY.

Actual vs. Wall St. Expectations: IVZ fell short of the mean analyst estimate of 42 cents/share. Estimates ranged from 40 cents per share to 44 cents per share.

Quoting Management: “Invesco’s continued focus on providing strong, long-term investment performance to our clients contributed to net long-term inflows of $6.6 billion for the quarter,” said Martin L. Flanagan, president and CEO. “Consistent with our six-year track record of progressively increasing the dividend, and reflecting the firm’s continued financial strength, we are raising the quarterly dividend to 12.25 cents per share, an increase of 11.4%.”

Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 34.5%, with the biggest boost coming in the most recent quarter when revenue rose 42.9% from the year earlier quarter.

The company has now seen net income rise in three-straight quarters. In the fourth quarter of the last fiscal year, net income rose 58% and in the third quarter of the last fiscal year, the figure rose 47.1%.

Competitors to Watch: BlackRock, Inc. (NYSE:BLK), Affiliated Managers Group, Inc. (NYSE:AMG), Eaton Vance Corp. (NYSE:EV), Goldman Sachs (NYSE:GS), AllianceBernstein Holding LP (NYSE:AB), Gamco Investors Inc. (NYSE:GBL), Cohen & Steers, Inc. (NYSE:CNS), The Blackstone Group L.P. (NYSE:BX), Morgan Stanley (NYSE:MS), Fortress Investment Group LLC (NYSE:FIG), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), American International Group (NYSE:AIG), Barclays (NYSE:BCS), UBS (NYSE:UBS) and T. Rowe Price Group, Inc. (NASDAQ:TROW).

Today’s Performance: Shares of IVZ are trading at $24.41 as of April 27, 2011 at 10:49 AM ET, down from the previous close.


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