Investec plc (INVP) Insider Glynn Burger Sells 169,050 Shares
Investec plc (LON:INVP) insider Glynn Burger sold 169,050 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of GBX 575 ($7.31), for a total transaction of £972,037.50 ($1,236,374.33).
Glynn Burger also recently made the following trade(s):
- On Wednesday, June 14th, Glynn Burger sold 450,000 shares of Investec plc stock. The stock was sold at an average price of GBX 586 ($7.45), for a total transaction of £2,637,000 ($3,354,108.37).
Shares of Investec plc (LON:INVP) traded down 2.06% during mid-day trading on Tuesday, hitting GBX 571.00. 2,182,638 shares of the company were exchanged. The stock’s 50-day moving average price is GBX 591.58 and its 200 day moving average price is GBX 570.99. Investec plc has a 12-month low of GBX 387.00 and a 12-month high of GBX 630.50. The stock’s market cap is GBX 5.17 billion.
The business also recently announced a dividend, which will be paid on Monday, August 14th. Shareholders of record on Thursday, July 27th will be given a dividend of GBX 13 ($0.17) per share. The ex-dividend date is Thursday, July 27th. This represents a yield of 2.16%. This is a boost from Investec plc’s previous dividend of $10.00.
Separately, Numis Securities Ltd reissued a “hold” rating and set a GBX 589 ($7.49) target price on shares of Investec plc in a research report on Friday, March 17th.
About Investec plc
Investec plc is a specialist bank and asset manager. The Company provides a range of financial products and services to a client base in various markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. Its segments include Asset Management, Wealth & Investment, and Specialist Banking.
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