Aberdeen Asset Management plc (ADN) Announces Dividend of GBX 12
Aberdeen Asset Management plc (LON:ADN) announced a dividend on Monday, November 28th. Investors of record on Thursday, December 8th will be given a dividend of GBX 12 ($0.15) per share on Thursday, February 9th. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 8th. This is an increase from Aberdeen Asset Management plc’s previous dividend of $7.50. The official announcement can be viewed at this link.
Aberdeen Asset Management plc (LON:ADN) traded down 3.95% during mid-day trading on Monday, hitting GBX 274.80. 15,133,302 shares of the company were exchanged. The stock’s 50 day moving average is GBX 309.25 and its 200-day moving average is GBX 305.75. The company’s market cap is GBX 3.53 billion. Aberdeen Asset Management plc has a 12-month low of GBX 208.50 and a 12-month high of GBX 354.40.
In related news, insider Gilbert,Martin J sold 1,631,343 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of GBX 325 ($4.03), for a total transaction of £5,301,864.75 ($6,577,179.94). Also, insider Julie Chakraverty purchased 3,042 shares of Aberdeen Asset Management plc stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average price of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34).
A number of brokerages recently issued reports on ADN. Peel Hunt reaffirmed a “hold” rating and set a GBX 330 ($4.09) target price on shares of Aberdeen Asset Management plc in a research report on Monday. Shore Capital reaffirmed a “sell” rating on shares of Aberdeen Asset Management plc in a research report on Monday. Royal Bank Of Canada lowered shares of Aberdeen Asset Management plc to an “underperform” rating and boosted their target price for the stock from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. JPMorgan Chase & Co. boosted their target price on shares of Aberdeen Asset Management plc from GBX 270 ($3.35) to GBX 320 ($3.97) and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Finally, Numis Securities Ltd dropped their target price on shares of Aberdeen Asset Management plc from GBX 300 ($3.72) to GBX 285 ($3.54) and set a “hold” rating on the stock in a research report on Wednesday, November 23rd. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 283.29 ($3.51).
About Aberdeen Asset Management plc
Aberdeen Asset Management PLC is a United Kingdom-based global asset management company engaged in the active management of financial assets. It manages assets for both institutional and retail clients. The Company’s institutional clients include pension funds, corporates, sovereign wealth funds, government agencies and insurance companies.
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