Rathbones Group Plc (LON:RAT) Plans Dividend of GBX 34

Rathbones Group Plc (LON:RAT) declared a dividend on Wednesday, September 6th, Upcoming.Co.Uk reports. Stockholders of record on Tuesday, September 19th will be paid a dividend of GBX 34 ($0.43) per share on Wednesday, October 11th. This represents a dividend yield of 1.97%. The ex-dividend date is Tuesday, September 19th. This is an increase from Rathbones Group’s previous dividend of $29.00. The official announcement can be viewed at this link.

Rathbones Group Stock Performance

Shares of Rathbones Group stock opened at GBX 1,730.80 ($21.66) on Monday. Rathbones Group has a 52 week low of GBX 1,553.28 ($19.44) and a 52 week high of GBX 2,245 ($28.09). The business’s fifty day simple moving average is GBX 1,759.83 and its 200-day simple moving average is GBX 1,870.61. The firm has a market cap of £1.10 billion, a PE ratio of 2,378.08, a price-to-earnings-growth ratio of -26.52 and a beta of 0.62. The company has a quick ratio of 0.14, a current ratio of 1.12 and a debt-to-equity ratio of 17.13.

Insider Activity at Rathbones Group

In related news, insider Iain Cummings purchased 42 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of GBX 1,697 ($21.24) per share, for a total transaction of £712.74 ($891.93). In the last 90 days, insiders have bought 68 shares of company stock worth $117,440. 12.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered Rathbones Group to an “underweight” rating and decreased their price target for the company from GBX 2,050 ($25.65) to GBX 1,950 ($24.40) in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,061.25 ($25.79).

About Rathbones Group

Rathbones Group Plc, together with its subsidiaries, provides individual investment and wealth management services for private clients, charities, trustees, and professional partners in the United Kingdom, Jersey, and internationally. The company operates in two segments, Investment Management and Funds.