Investec Group (LON:INVP) Shares Cross Above 200 Day Moving Average of $523.51

Investec Group (LON:INVP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 523.51 ($6.64) and traded as high as GBX 567.50 ($7.20). Investec Group shares last traded at GBX 565 ($7.17), with a volume of 613,004 shares trading hands.

Investec Group Trading Up 1.5 %

The company has a market capitalization of £3.70 billion, a PE ratio of 785.62, a PEG ratio of 0.67 and a beta of 1.09. The firm has a fifty day moving average of GBX 539.59 and a two-hundred day moving average of GBX 524.02.

Investec Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 22nd will be issued a dividend of GBX 19 ($0.24) per share. This represents a yield of 3.43%. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from Investec Group’s previous dividend of $15.50. Investec Group’s payout ratio is currently 4,520.55%.

Insiders Place Their Bets

In other news, insider Nishlan Samujh sold 152,486 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of GBX 580 ($7.36), for a total transaction of £884,418.80 ($1,121,931.75). In related news, insider Nishlan Samujh sold 152,486 shares of Investec Group stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of GBX 580 ($7.36), for a total transaction of £884,418.80 ($1,121,931.75). Also, insider Fani Titi sold 53,846 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of GBX 520 ($6.60), for a total value of £279,999.20 ($355,193.71). In the last 90 days, insiders sold 287,667 shares of company stock worth $158,410,660. 5.10% of the stock is currently owned by company insiders.

Investec Group Company Profile

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.