Ashmore Group plc (ASHM) Insider Tom Shippey Sells 92,785 Shares
Ashmore Group plc (LON:ASHM) insider Tom Shippey sold 92,785 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.60), for a total value of £316,396.85 ($426,583.32).
Ashmore Group plc (LON ASHM) traded up 0.84% during midday trading on Tuesday, hitting GBX 350.00. The stock had a trading volume of 861,641 shares. The company’s market cap is GBX 2.34 billion. Ashmore Group plc has a 12-month low of GBX 269.00 and a 12-month high of GBX 379.70. The firm has a 50-day moving average of GBX 358.16 and a 200-day moving average of GBX 354.84.
The firm also recently disclosed a dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 2nd will be issued a GBX 12.10 ($0.16) dividend. The ex-dividend date is Thursday, November 2nd. This is a boost from Ashmore Group plc’s previous dividend of $4.55. This represents a yield of 3.56%.
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A number of equities analysts have issued reports on the company. Numis Securities Ltd restated a “hold” rating and set a GBX 320 ($4.31) price target on shares of Ashmore Group plc in a report on Friday, July 14th. Credit Suisse Group raised their price objective on Ashmore Group plc from GBX 269 ($3.63) to GBX 325 ($4.38) and gave the company an “underperform” rating in a research note on Tuesday, July 18th. BNP Paribas restated an “underperform” rating and set a GBX 330 ($4.45) price objective on shares of Ashmore Group plc in a research note on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) raised their target price on Ashmore Group plc from GBX 415 ($5.60) to GBX 420 ($5.66) and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Berenberg Bank initiated coverage on Ashmore Group plc in a research report on Thursday, June 15th. They set a “buy” rating and a GBX 400 ($5.39) target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 355.13 ($4.79).
About Ashmore Group plc
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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