Shares of Rathbones Group Plc (LON:RAT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,756.41 ($22.80) and traded as high as GBX 1,820 ($23.63). Rathbones Group shares last traded at GBX 1,772 ($23.01), with a volume of 238,716 shares traded.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a “buy” rating on shares of Rathbones Group in a report on Wednesday, August 7th.
Get Our Latest Report on Rathbones Group
Rathbones Group Trading Down 1.1 %
Rathbones Group Increases Dividend
The business also recently declared a dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 5th were given a GBX 30 ($0.39) dividend. The ex-dividend date was Thursday, September 5th. This represents a yield of 1.68%. This is a positive change from Rathbones Group’s previous dividend of $24.00. Rathbones Group’s dividend payout ratio (DPR) is currently 14,426.23%.
Insider Buying and Selling at Rathbones Group
In other Rathbones Group news, insider Dharmash Mistry sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of GBX 1,742 ($22.62), for a total transaction of £43,550 ($56,543.75). Company insiders own 41.78% of the company’s stock.
About Rathbones Group
Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.
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