Impax Asset Management Group (LON:IPX) Shares Down 10.9% – Here’s What Happened

Shares of Impax Asset Management Group Plc (LON:IPX) fell 10.9% on Thursday . The stock traded as low as GBX 185 ($2.34) and last traded at GBX 185.80 ($2.35). 782,310 shares changed hands during trading, an increase of 3% from the average session volume of 758,854 shares. The stock had previously closed at GBX 208.50 ($2.63).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on shares of Impax Asset Management Group from GBX 560 ($7.08) to GBX 510 ($6.44) and set a “buy” rating on the stock in a research report on Friday, December 13th.

Impax Asset Management Group Stock Performance

The firm’s 50-day moving average price is GBX 223.41 and its two-hundred day moving average price is GBX 314.74. The company has a debt-to-equity ratio of 5.94, a quick ratio of 2.26 and a current ratio of 3.23. The stock has a market cap of £237.29 million, a price-to-earnings ratio of 5.97, a PEG ratio of 5.05 and a beta of 1.64.

Impax Asset Management Group (LON:IPX) last posted its earnings results on Thursday, November 28th. The company reported GBX 28.50 ($0.36) EPS for the quarter. Impax Asset Management Group had a net margin of 22.60% and a return on equity of 32.67%.

Impax Asset Management Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be given a GBX 22.90 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 7.12%. This is a boost from Impax Asset Management Group’s previous dividend of $4.70. Impax Asset Management Group’s dividend payout ratio is presently 89.19%.

Impax Asset Management Group Company Profile

Impax Asset Management was founded in 1998 and has been a pioneer in the development of investing in the transition to a more sustainable global economy. We are one of the largest investment managers dedicated to investing in sustainable markets globally.

We believe that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency.