Ashmore Group plc (LON:ASHM) announced a dividend on Thursday, September 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 2nd will be paid 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 of this dividend is Thursday, November 2nd. This is a positive change from Ashmore Group plc’s previous dividend of $4.55. The official announcement can be accessed at this link.
Ashmore Group plc (ASHM) traded down GBX 0.30 ($0.00) during trading on Friday, reaching GBX 365.20 ($4.80). The company had a trading volume of 841,791 shares, compared to its average volume of 1,150,000. Ashmore Group plc has a 12-month low of GBX 269 ($3.54) and a 12-month high of GBX 392.20 ($5.16).
A number of brokerages have recently weighed in on ASHM. Goldman Sachs Group, Inc. (The) boosted their price target on Ashmore Group plc from GBX 415 ($5.46) to GBX 420 ($5.52) and gave the company a “buy” rating in a report on Monday, July 17th. BNP Paribas restated an “underperform” rating and set a GBX 330 ($4.34) price objective on shares of Ashmore Group plc in a research report on Tuesday, July 18th. Credit Suisse Group boosted their price objective on Ashmore Group plc from GBX 269 ($3.54) to GBX 325 ($4.27) and gave the company an “underperform” rating in a research report on Tuesday, July 18th. Barclays PLC upgraded Ashmore Group plc to an “equal weight” rating and boosted their price objective for the company from GBX 300 ($3.95) to GBX 370 ($4.87) in a research report on Thursday, July 20th. Finally, Shore Capital restated a “hold” rating on shares of Ashmore Group plc in a research report on Tuesday, August 15th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 359.56 ($4.73).
In other Ashmore Group plc news, insider Tom Shippey sold 92,785 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of GBX 341 ($4.49), for a total value of £316,396.85 ($416,147.38). Also, insider Clive Adamson bought 934 shares of the company’s stock in a transaction on Friday, October 13th. The stock was purchased at an average cost of GBX 374 ($4.92) per share, for a total transaction of £3,493.16 ($4,594.45).
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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