Ninety One Group (LON:N91) Shares Up 6%

Ninety One Group (LON:N91) shares shot up 6% during trading on Wednesday . The stock traded as high as GBX 170.90 ($2.17) and last traded at GBX 170.10 ($2.16). 977,065 shares traded hands during trading, an increase of 83% from the average session volume of 532,735 shares. The stock had previously closed at GBX 160.50 ($2.04).

Ninety One Group Stock Performance

The company has a market cap of £1.06 billion, a PE ratio of 941.67, a PEG ratio of 15.99 and a beta of 0.67. The stock has a 50 day simple moving average of GBX 169.41 and a two-hundred day simple moving average of GBX 172.41. The company has a debt-to-equity ratio of 29.45, a current ratio of 1.03 and a quick ratio of 0.07.

Ninety One Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, July 18th will be given a GBX 6.40 ($0.08) dividend. This is an increase from Ninety One Group’s previous dividend of $5.90. The ex-dividend date of this dividend is Thursday, July 18th. This represents a yield of 3.75%. Ninety One Group’s dividend payout ratio is 7,222.22%.

Insider Buying and Selling

In other Ninety One Group news, insider Kim Mary McFarland sold 10,034 shares of Ninety One Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of GBX 158 ($2.01), for a total value of £15,853.72 ($20,144.50). 55.60% of the stock is owned by company insiders.

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.