Shares of Rathbones Group Plc (LON:RAT – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,756.41 ($22.80) and traded as high as GBX 1,820 ($23.63). Rathbones Group shares last traded at GBX 1,772 ($23.01), with a volume of 238,716 shares.
Analyst Ratings Changes
Separately, Shore Capital restated a “buy” rating on shares of Rathbones Group in a research note on Wednesday, August 7th.
Check Out Our Latest Report on RAT
Rathbones Group Trading Down 1.1 %
Rathbones Group Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, October 1st. Investors of record on Thursday, September 5th were given a dividend of GBX 30 ($0.39) per share. The ex-dividend date of this dividend was Thursday, September 5th. This is an increase from Rathbones Group’s previous dividend of $24.00. This represents a yield of 1.68%. Rathbones Group’s payout ratio is 14,426.23%.
Insider Activity at Rathbones Group
In related news, insider Dharmash Mistry sold 2,500 shares of Rathbones Group stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 1,742 ($22.62), for a total transaction of £43,550 ($56,543.75). 41.78% of the stock is owned by company insiders.
Rathbones Group Company Profile
Rathbones Group Plc, together with its subsidiaries, provides individual wealth management, asset management, and related services for private clients, charities, trustees, and professional partners in the United Kingdom, Channel Island, and internationally. The company operates through two segments, Wealth Management and Asset Management.
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