Qsemble Capital Management LP Has $289,000 Stock Position in Invesco Ltd. (NYSE:IVZ)

Qsemble Capital Management LP lessened its stake in Invesco Ltd. (NYSE:IVZ) by 68.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,431 shares of the asset manager’s stock after selling 35,922 shares during the quarter. Qsemble Capital Management LP’s holdings in Invesco were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVZ. Avior Wealth Management LLC raised its stake in Invesco by 484.9% in the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 1,285 shares in the last quarter. Family Firm Inc. acquired a new position in Invesco in the second quarter valued at about $28,000. Sentry Investment Management LLC acquired a new position in Invesco in the second quarter valued at about $30,000. Allworth Financial LP raised its stake in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in Invesco by 50.0% in the first quarter. Abich Financial Wealth Management LLC now owns 3,631 shares of the asset manager’s stock valued at $60,000 after purchasing an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Invesco Price Performance

Shares of IVZ opened at $18.04 on Thursday. Invesco Ltd. has a 52-week low of $13.53 and a 52-week high of $18.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91. The business’s 50 day moving average price is $17.71 and its two-hundred day moving average price is $16.55. The firm has a market cap of $8.11 billion, a PE ratio of -19.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.44.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, October 22nd. The asset manager reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. Invesco’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities analysts anticipate that Invesco Ltd. will post 1.69 EPS for the current year.

Invesco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Thursday, November 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, November 14th. Invesco’s payout ratio is -89.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on IVZ shares. Barclays boosted their price target on Invesco from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on Invesco from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Wells Fargo & Company lifted their target price on Invesco from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.63.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.