Ashmore Group plc (ASHM) to Issue Dividend of GBX 12.10
Ashmore Group plc (LON:ASHM) declared a dividend on Thursday, September 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 2nd will be given a dividend of GBX 12.10 ($0.16) per share by the investment management service provider on Friday, December 1st. This represents a yield of 3.56%. The ex-dividend date is Thursday, November 2nd. This is a boost from Ashmore Group plc’s previous dividend of $4.55. The official announcement can be seen at this link.
Ashmore Group plc (LON ASHM) traded down 0.21% on Friday, reaching GBX 380.20. 673,066 shares of the company’s stock traded hands. The company’s market cap is GBX 2.54 billion. The firm’s 50 day moving average price is GBX 351.37 and its 200 day moving average price is GBX 354.54. Ashmore Group plc has a 12 month low of GBX 269.00 and a 12 month high of GBX 392.20.
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.50), for a total transaction of £316,396.85 ($417,520.26). Also, insider Clive Adamson purchased 934 shares of the business’s stock in a transaction on Friday, October 13th. The shares were purchased at an average price of GBX 374 ($4.94) per share, with a total value of £3,493.16 ($4,609.61).
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Several research firms have recently issued reports on ASHM. Credit Suisse Group lifted their price target on Ashmore Group plc from GBX 269 ($3.55) to GBX 325 ($4.29) and gave the stock an “underperform” rating in a research report on Tuesday, July 18th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 330 ($4.35) price target on shares of Ashmore Group plc in a research report on Tuesday, July 18th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 320 ($4.22) price target on shares of Ashmore Group plc in a research report on Friday, July 14th. Macquarie reaffirmed a “neutral” rating and issued 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 Ashmore Group plc from GBX 325 ($4.29) to GBX 354 ($4.67) and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 359.56 ($4.74).
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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