Investec plc (LON:INVP) Insider Bernard Kantor Sells 7,897 Shares

Investec plc (LON:INVP) insider Bernard Kantor sold 7,897 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of GBX 473 ($6.18), for a total transaction of £37,352.81 ($48,808.06).

Bernard Kantor also recently made the following trade(s):

  • On Friday, May 31st, Bernard Kantor sold 9,579 shares of Investec stock. The shares were sold at an average price of GBX 456 ($5.96), for a total transaction of £43,680.24 ($57,075.97).
  • On Monday, June 3rd, Bernard Kantor sold 47,229 shares of Investec stock. The shares were sold at an average price of GBX 455 ($5.95), for a total transaction of £214,891.95 ($280,794.39).

Shares of LON INVP traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 480.40 ($6.28). 1,576,626 shares of the stock were exchanged, compared to its average volume of 2,160,000. The stock has a market cap of $3.18 billion and a price-to-earnings ratio of 9.44. Investec plc has a 12 month low of GBX 420 ($5.49) and a 12 month high of GBX 577 ($7.54).

The company also recently declared a dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 13.50 ($0.18) per share. This represents a dividend yield of 2.78%. This is a boost from Investec’s previous dividend of $11.00. The ex-dividend date is Thursday, July 25th. Investec’s dividend payout ratio (DPR) is currently 0.47%.

Separately, Numis Securities reaffirmed a “hold” rating and issued a GBX 482 ($6.30) price objective on shares of Investec in a research note on Thursday, May 16th.

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About Investec

Investec plc, a specialist bank and asset manager, provides various financial products and services in the United Kingdom, South Africa, Australia, other European countries, Hong Kong, India, Mauritius, the United States, and internationally. It operates in three divisions: Asset Management, Wealth & Investment, and Specialist Banking.

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