Ashmore Group plc (LON:ASHM) declared a dividend on Thursday, September 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 2nd will be paid a dividend of GBX 12.10 ($0.16) per share by the investment management service provider on Friday, December 1st. This represents a dividend yield of 3.56%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. The official announcement can be accessed at this link.
Ashmore Group plc (LON:ASHM) traded down 0.21% during midday trading on Friday, reaching GBX 380.20. The company’s stock had a trading volume of 673,066 shares. The firm’s market capitalization is GBX 2.54 billion. The company’s 50-day moving average is GBX 351.37 and its 200 day moving average is GBX 354.54. Ashmore Group plc has a 52 week low of GBX 269.00 and a 52 week high of GBX 392.20.
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A number of equities research analysts have recently issued reports on ASHM shares. Credit Suisse Group lifted their price target on shares of Ashmore Group plc from GBX 269 ($3.55) to GBX 325 ($4.29) and gave the company an “underperform” rating in a research report on Tuesday, July 18th. BNP Paribas reiterated an “underperform” rating and set a GBX 330 ($4.35) price target on shares of Ashmore Group plc in a research report on Tuesday, July 18th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 320 ($4.22) price target on shares of Ashmore Group plc in a research report on Friday, July 14th. Macquarie reiterated a “neutral” rating and set a GBX 384 ($5.07) price target on shares of Ashmore Group plc in a research report on Wednesday, October 18th. Finally, Jefferies Group LLC lifted their price target on shares of Ashmore Group plc from GBX 325 ($4.29) to GBX 354 ($4.67) and gave the company a “hold” rating in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Ashmore Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 359.56 ($4.74).
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of Ashmore Group plc stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of GBX 341 ($4.50), for a total value of £316,396.85 ($417,520.26). Also, insider Clive Adamson bought 934 shares of the stock in a transaction on Friday, October 13th. The stock was purchased at an average cost of GBX 374 ($4.94) per share, with a total value of £3,493.16 ($4,609.61).
Ashmore Group plc Company Profile
Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.
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