Core Insights - Invesco (IVZ) is expected to report a year-over-year increase in both earnings and revenues for Q3 2025, with results scheduled for release on October 28, 2025 [1] - The company has a history of earnings surprises, having exceeded the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 1.69% [2] Q3 Estimates and Performance Factors - As of September 30, 2025, Invesco's preliminary total assets under management (AUM) reached $2.12 trillion, reflecting a sequential increase of 6.2%, driven by strong market returns and net long-term inflows [3] - The Zacks Consensus Estimate for investment management fees is $1.2 billion, indicating an 8.8% rise from the previous quarter [3] - Performance fees are estimated at $5.6 million, showing significant growth from the prior quarter [4] - Service and distribution fees are projected at $403.5 million, representing a sequential growth of 10.9% [4] - Other revenues are expected to be $55.3 million, suggesting a 14.7% increase [4] Cost Considerations - While cost-saving initiatives may have improved efficiency, increased compensation and marketing costs are anticipated to negatively impact overall expenses for the quarter [5] - Management expects one-time implementation costs related to Alpha to be between $15 million and $20 million in Q3 2025 [5] Major Developments - In August, Invesco announced plans to divest intelliflo to The Carlyle Group for up to $200 million, with $135 million payable at closing expected in Q4 2025 and up to an additional $65 million in potential future earn-outs [6] - Intelliflo supports over 30,000 professionals across 2,600 advisory firms, managing approximately £450 billion in client assets [7] - The acquisition includes intelliflo's cloud-based practice management software in the U.K. and its U.S. subsidiaries [8] Earnings Predictions - The Zacks Consensus Estimate for Invesco's earnings is 46 cents, unchanged over the past week, indicating a 4.6% increase from the year-ago quarter [12] - The consensus estimate for sales is $1.18 billion, suggesting a 6.5% increase [12] - The likelihood of Invesco beating the Zacks Consensus Estimate for earnings is low, with an Earnings ESP of -1.80% [10]

Core Insights - The IPO of Canara Robeco Asset Management Company raised Rs 1,326 crore, with a subscription rate of 25.9x from Qualified Institutional Buyers (QIBs), 6.45x from Non-Institutional Investors (NII), and 1.9x from retail investors [1][7] Company Performance - As of March 2025, the company reported total income of Rs 404 crore and a profit after tax (PAT) of Rs 191 crore, reflecting a year-on-year growth of 26% [6][8] - The company's EBITDA margin was 65.4%, one of the highest in the asset management sector, with a return on net worth (RoNW) of 36% [6][8] Market Position and Valuation - The upper price band of Rs 266 values the company at 19.6x its core EPS for September 2027, which is competitive compared to other asset management companies [5][8] - Canara Robeco is positioned to benefit from a positive outlook on Indian equities, with equities making up nearly 90% of its total assets, potentially leading to stronger core earnings [3][5] Analyst Recommendations - Domestic brokerage firm Prabhudas Lilladher has issued a Buy recommendation with a target price of Rs 320 per share, citing optimism about the company's business prospects and expected AAuM CAGR of around 20% over FY26-28E, which is 3% higher than the industry average [2][7] - Analysts suggest that investors should consider booking partial profits post-listing while holding the remaining shares for long-term growth, given the company's strong fundamentals and the mutual fund industry's expansion [7]

Group 1 - Franklin Resources, Inc. (NYSE:BEN) is recognized among the 11 Low PE High Dividend Stocks to buy according to analysts [1] - BMO Capital Markets initiated coverage on Franklin Resources with an Outperform rating and a price target of $26, indicating a potential upside of approximately 13% [2][3] - The company's strong core business and growing alternatives platform are highlighted as key strengths by analysts [3] Group 2 - Franklin Resources has demonstrated robust net flows outside of its Western Asset Management (WAM) unit, with $2 billion in long-term net inflows when excluding WAM [5] - The company reported preliminary assets under management (AUM) of $1.66 trillion as of September 30, 2025, an increase from $1.64 trillion at the end of August [5] - Franklin Resources has a strong dividend performance, having increased its dividend for 49 consecutive years, making it a reliable dividend payer in the sector [4]

Core Insights - T. Rowe Price Group reported preliminary assets under management (AUM) of $1.77 trillion as of September-end, an increase from $1.73 trillion at the end of August [3] Summary by Asset Class - Equity AUM stood at $885 billion [3] - Fixed income, including money market, accounted for $208 billion [3] - Multi-asset AUM was reported at $618 billion [3] - Alternatives AUM totaled $56 billion [3]

Core Insights - Invesco Ltd. reported preliminary month-end assets under management (AUM) of $2,124.8 billion, reflecting a 3.0% increase compared to the previous month-end [1][2] - The firm experienced net long-term inflows of $11.9 billion during the month, with non-management fee earning net inflows of $1.1 billion and money market net outflows of $2.0 billion [1] - Favorable market returns contributed an increase of $49 billion to AUM, while foreign exchange movements reduced AUM by $0.3 billion, offset by reinvested distributions of $1.0 billion [1] AUM Breakdown - Total AUM as of September 30, 2025, was $2,124.8 billion, with specific categories as follows: - ETFs & Index Strategies: $605.7 billion - Fundamental Fixed Income: $308.8 billion - Fundamental Equities: $299.6 billion - Private Markets: $130.9 billion - China JV: $136.8 billion - Multi-Asset/Other: $67.1 billion - Global Liquidity: $190.1 billion - QQQ: $385.8 billion [2] Quarterly Averages - Preliminary average total AUM for the quarter ending September 30 was $2,060.4 billion, while preliminary average active AUM for the same quarter was $1,102.5 billion [1]

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $181.3 billion as of September 30, 2025 [1] Summary by Category Assets Under Management - Total AUM is comprised of Artisan Funds and Artisan Global Funds at $88.0 billion, and separate accounts and other AUM at $93.3 billion [1] - AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $114.2 million for which investment models are provided to managed account sponsors [4] AUM by Strategy - The AUM distribution by strategy as of September 30, 2025, includes: - Global Opportunities: $19,807 million - Global Discovery: $1,854 million - U.S. Mid-Cap Growth: $11,197 million - U.S. Small-Cap Growth: $2,973 million - Franchise: $919 million - Non-U.S. Growth: $15,489 million - Value Equity: $5,367 million - U.S. Mid-Cap Value: $2,428 million - International Value: $51,702 million - Global Value: $34,280 million - High Income: $12,906 million - Developing World: $4,962 million - Antero Peak: $2,274 million - Non-U.S. Small-Mid Growth: $5,065 million - Global Unconstrained: $1,103 million - Emerging Markets Debt Opportunities: $1,254 million - Emerging Markets Local Opportunities: $1,717 million [2] Company Overview - Artisan Partners is a global multi-asset investment platform offering a range of high value-added investment strategies across various asset classes [5] - The firm has been focused on attracting experienced investment professionals since its establishment in 1994 [5]

Group 1 - The market is experiencing growth, leading to increased discussions online about investment opportunities [1] - Platforms like Reddit are becoming popular venues for conversations regarding stocks, funds, and ETFs that may drive future performance [1]

Group 1 - Piper Sandler lowered its price target on Brookfield Asset Management to $60 from $65 while maintaining a Neutral rating [1] - Brookfield hosted its investor day in New York City, highlighting plans to double assets under management (AUM) and earnings by 2030 [2] - Analysts identified digital infrastructure and retirement accounts such as 401(k)s as long-term growth drivers for Brookfield [2] Group 2 - Piper Sandler reduced its target price multiple to approximately 30x 2026 estimated adjusted EPS from approximately 32.5x previously, indicating recent multiple compression among peers [3]

Core Insights - T. Rowe Price Group (TROW) achieved a 6.9% year-over-year growth in assets under management (AUM), reaching $1.68 trillion in the first half of 2025, driven by favorable market conditions and strength in multi-asset and fixed income [1][8] - The company has shown a compound annual growth rate (CAGR) of 2.3% in AUM over the past four years (2020–2024) [1] - T. Rowe Price's U.S. mutual funds have outperformed the Morningstar median in 50% of cases and 52% against passive peers over the five years ending June 30, 2025 [4] AUM Performance - Target-date funds represent a significant portion of T. Rowe Price's AUM, totaling $520 billion, which is nearly 66% of the total AUM as of June 30, 2025 [5][8] - The company is expanding its growth engines through ETFs and an alternatives platform aimed at institutional investors, which helps mitigate pressures from outflows in traditional active equity funds [5][6] Competitive Landscape - T. Rowe Price's peers, Franklin Resources (BEN) and Lazard Ltd. (LAZ), are also focusing on AUM expansion, with Franklin reporting a five-year AUM CAGR of 3.1% and Lazard an eight-year CAGR of 1.7% through 2024 [7] - In the first half of fiscal 2025, Franklin's total AUM decreased, while Lazard's AUM improved [7] Financial Performance - T. Rowe Price's shares have increased by 10.7% over the past three months, compared to the industry's growth of 11.9% [10]

Tokenized Asset Market - The AUM of tokenized assets has reached an all-time high of approximately $270 billion [1] - Tokenized assets encompass currencies, commodities, treasuries, private credit, private equity, and venture capital [1]