Ben Bramhall Sells 509,380 Shares of XPS Pensions Group plc (LON:XPS) Stock

XPS Pensions Group plc (LON:XPS) insider Ben Bramhall sold 509,380 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of GBX 315 ($4.03), for a total transaction of £1,604,547 ($2,055,267.07).

Ben Bramhall also recently made the following trade(s):

• On Wednesday, July 3rd, Ben Bramhall sold 160,965 shares of XPS Pensions Group stock. The shares were sold at an average price of GBX 318 ($4.07), for a total transaction of £511,868.70 ($655,653.52).

XPS Pensions Group Price Performance

Shares of LON:XPS opened at GBX 320 ($4.10) on Thursday. The company’s fifty day moving average is GBX 274.98 and its two-hundred day moving average is GBX 243.89. The company has a market cap of £659.30 million, a P/E ratio of 4,571.43 and a beta of 0.49. XPS Pensions Group plc has a 12-month low of GBX 180 ($2.31) and a 12-month high of GBX 334 ($4.28). The company has a quick ratio of 1.51, a current ratio of 1.38 and a debt-to-equity ratio of 58.32.

XPS Pensions Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 22nd will be given a dividend of GBX 7 ($0.09) per share. This represents a yield of 2.59%. This is a positive change from XPS Pensions Group’s previous dividend of $3.00. The ex-dividend date is Thursday, August 22nd. XPS Pensions Group’s payout ratio is presently 12,857.14%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Shore Capital restated a “buy” rating on shares of XPS Pensions Group in a research report on Thursday, April 11th. Royal Bank of Canada lifted their target price on XPS Pensions Group from GBX 270 ($3.46) to GBX 315 ($4.03) and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Canaccord Genuity Group increased their price target on XPS Pensions Group from GBX 280 ($3.59) to GBX 298 ($3.82) and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 275 ($3.52) price objective on shares of XPS Pensions Group in a research note on Thursday, April 11th.

About XPS Pensions Group

XPS Pensions Group plc, together with its subsidiaries, provides employee benefit consultancy and related business services in the United Kingdom. The company offers advisory services to pension schemes and corporate sponsors; independent investment advisory services; DB and DC master trust schemes; and self-invested personal pension (SIPP) and SSAS pension services.