Ninety One Group (LON:N91) Stock Price Down 2.1%

Ninety One Group (LON:N91)’s share price was down 2.1% on Thursday . The company traded as low as GBX 163.70 ($2.13) and last traded at GBX 163.70 ($2.13). Approximately 218,156 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 492,695 shares. The stock had previously closed at GBX 167.20 ($2.17).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on Ninety One Group from GBX 179 ($2.33) to GBX 173 ($2.25) and set a “neutral” rating for the company in a research report on Thursday, August 1st.

Ninety One Group Stock Up 1.6 %

The company has a current ratio of 1.03, a quick ratio of 0.07 and a debt-to-equity ratio of 25.76. The company has a 50-day simple moving average of GBX 168.95 and a 200 day simple moving average of GBX 169.42. The company has a market cap of £1.00 billion, a P/E ratio of 924.44, a P/E/G ratio of 15.99 and a beta of 0.67.

Ninety One Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th were paid a GBX 6.40 ($0.08) dividend. This is an increase from Ninety One Group’s previous dividend of $5.90. This represents a yield of 3.75%. The ex-dividend date was Thursday, July 18th. Ninety One Group’s dividend payout ratio is currently 6,666.67%.

Insider Transactions at Ninety One Group

In related news, insider Kim Mary McFarland sold 10,034 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of GBX 158 ($2.05), for a total value of £15,853.72 ($20,599.95). Corporate insiders own 58.18% of the company’s stock.

Ninety One Group Company Profile

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries.