abrdn (LON:ABDN) Issues Earnings Results

abrdn (LON:ABDN) announced its quarterly earnings data on Tuesday. The company reported GBX 15.20 ($0.20) earnings per share for the quarter, Digital Look Earnings reports. abrdn had a return on equity of 6.46% and a net margin of 21.19%.

abrdn Stock Performance

Shares of ABDN stock traded up GBX 3.15 ($0.04) during midday trading on Thursday, hitting GBX 176 ($2.27). 4,238,459 shares of the company were exchanged, compared to its average volume of 6,703,715. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The firm has a market capitalization of £3.15 billion, a P/E ratio of 10.01, a PEG ratio of 12.70 and a beta of 1.25. The firm’s 50 day moving average price is GBX 149.35 and its two-hundred day moving average price is GBX 148. abrdn has a 52 week low of GBX 130.50 ($1.68) and a 52 week high of GBX 186.48 ($2.40).

Insider Buying and Selling at abrdn

In other abrdn news, insider Jason Windsor purchased 357,635 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of GBX 139 ($1.79) per share, with a total value of £497,112.65 ($640,774.23). Insiders own 2.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their price objective on shares of abrdn from GBX 140 ($1.80) to GBX 172 ($2.22) and gave the company a “neutral” rating in a report on Thursday.

About abrdn

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.