Invesco (IVZ) stock is soaring 5.04% in pre-market trading on Wednesday following the company's strong first-quarter 2025 results and the announcement of a strategic partnership with MassMutual and Barings.

The asset management firm reported impressive Q1 figures, including $17.6 billion in long-term net asset inflows, representing a 5.3% annualized growth rate. Adjusted operating income increased by 18% year-over-year, while operating margins expanded by over 330 basis points compared to the same quarter last year. The company's adjusted diluted earnings per share (EPS) increased by 33% to $0.44 from $0.33 in the prior year.

In addition to the strong financial results, Invesco announced a strategic partnership with MassMutual and Barings, focusing on private market product development and distribution in the US wealth management market. This partnership includes a $650 million commitment from MassMutual for seed and co-investment capital to accelerate the launch of new products. Furthermore, Invesco successfully repurchased $1 billion of preferred stock from MassMutual, which is expected to be earnings accretive in the second half of the year.

The company's diversified platform and global presence have contributed to its resilience in the face of recent market volatility. Invesco saw strong growth in its Global ETF and Index platform, with a 13% annualized organic growth rate in the first quarter. The firm's success in international markets, particularly in Asia Pacific and EMEA regions, has helped offset some challenges in the US market.

Analysts have responded positively to Invesco's performance, with several firms adjusting their price targets upward. Barclays raised its target price to $14 from $13, while Deutsche Bank increased its target to $14 from $13, maintaining a Hold rating. The average analyst rating for Invesco is Hold, with a mean price target of $14.67.