Investec Group (LON:INVP) Stock Price Crosses Above 200-Day Moving Average of $538.41

Investec Group (LON:INVP)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 538.41 ($6.87) and traded as high as GBX 583 ($7.44). Investec Group shares last traded at GBX 581 ($7.42), with a volume of 617,680 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on Investec Group from GBX 540 ($6.89) to GBX 660 ($8.43) and gave the company a “buy” rating in a report on Friday, June 28th.

Investec Group Trading Up 0.7 %

The company has a market cap of £3.77 billion, a price-to-earnings ratio of 854.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.09. The company has a fifty day moving average price of GBX 574.69 and a two-hundred day moving average price of GBX 538.41.

Investec Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be issued a dividend of GBX 19 ($0.24) per share. This represents a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, August 22nd. This is a positive change from Investec Group’s previous dividend of $15.50. Investec Group’s dividend payout ratio (DPR) is presently 5,147.06%.

Insider Transactions at Investec Group

In other news, insider Stephen Koseff sold 5,823 shares of Investec Group stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of £135.25 ($172.69), for a total transaction of £787,560.75 ($1,005,567.86). In related news, insider Fani Titi sold 53,846 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.64), for a total transaction of £279,999.20 ($357,506.64). Also, insider Stephen Koseff sold 5,823 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of £135.25 ($172.69), for a total value of £787,560.75 ($1,005,567.86). In the last quarter, insiders have sold 293,490 shares of company stock valued at $237,166,735. 5.03% of the stock is owned by corporate insiders.

Investec Group Company Profile

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.