Invesco Ltd. (IVZ) shares surged 7.62% in pre-market trading on Tuesday, following the release of better-than-expected first-quarter 2025 earnings and the announcement of a significant stock repurchase program. The asset management firm's strong financial performance and strategic moves have bolstered investor confidence, driving the stock's impressive gains.

Invesco reported adjusted earnings per share of $0.44 for Q1 2025, significantly beating the analyst consensus estimate of $0.38. The company's revenue for the quarter reached $1.53 billion, substantially surpassing expectations of $1.11 billion. Net income rose to $171.1 million, while adjusted net income came in at $200.5 million, exceeding the $171.9 million forecast by analysts.

In a major development, Invesco announced a $1 billion repurchase of its Series A Preferred Stock held by MassMutual. This move is expected to be earnings accretive beginning in the second half of 2025, improving the company's balance sheet flexibility and enabling further deleveraging. Additionally, Invesco and Barings, MassMutual's global asset management subsidiary, revealed a new strategic product and distribution partnership for U.S. Wealth channels, focusing on private markets capabilities.

Further enhancing shareholder value, Invesco announced an increase in its quarterly dividend from $0.205 to $0.21 per common share. The company also reported strong net long-term inflows of $17.6 billion for the quarter, with assets under management reaching an impressive $1.84 trillion as of March 31, 2025.

Andrew Schlossberg, President and CEO of Invesco Ltd., commented on the results, stating, "Our strategic clarity has helped us drive organic growth through various operating environments and continued to prove effective in the first quarter in which we delivered over 5% long-term organic growth." With these positive developments and strong financial performance, Invesco appears well-positioned for continued growth in the asset management industry.