Ashmore Group plc (ASHM) Insider Shippey,Tom Sells 215,780 Shares
Ashmore Group plc (LON:ASHM) insider Shippey,Tom sold 215,780 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 341 ($4.45), for a total value of £735,809.80 ($960,461.82).
Shares of Ashmore Group plc (LON:ASHM) opened at 344.00 on Thursday. Ashmore Group plc has a 52-week low of GBX 193.50 and a 52-week high of GBX 371.20. The stock has a 50 day moving average price of GBX 353.83 and a 200-day moving average price of GBX 311.03. The stock’s market capitalization is GBX 2.29 billion.
The business also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be issued a dividend of GBX 12.10 ($0.16) per share. This is an increase from Ashmore Group plc’s previous dividend of $4.55. The ex-dividend date is Thursday, November 3rd. This represents a yield of 3.38%.
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A number of equities research analysts recently weighed in on ASHM shares. Numis Securities Ltd reaffirmed a “sell” rating and set a GBX 280 ($3.65) price objective on shares of Ashmore Group plc in a research report on Friday, September 2nd. JPMorgan Chase & Co. raised their price objective on Ashmore Group plc from GBX 250 ($3.26) to GBX 300 ($3.92) and gave the company an “underweight” rating in a research report on Tuesday, September 13th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 270 ($3.52) price objective on shares of Ashmore Group plc in a research report on Friday, August 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 250 ($3.26) price objective on shares of Ashmore Group plc in a research report on Monday, July 4th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 240 ($3.13) price objective on shares of Ashmore Group plc in a research report on Thursday, July 14th. Nine analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Ashmore Group plc has an average rating of “Sell” and a consensus price target of GBX 295.14 ($3.85).
About Ashmore Group plc
Ashmore Group plc is a United Kingdom-based company, which operates as a markets asset manager. The Company invests client funds in a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. It offers a range of investment opportunities in over 70 countries.
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