abrdn (LON:ABDN) Trading Down 0.8%

abrdn plc (LON:ABDN)’s share price fell 0.8% on Wednesday . The company traded as low as GBX 148.95 ($1.97) and last traded at GBX 150.40 ($1.99). 2,168,693 shares were traded during mid-day trading, a decline of 77% from the average session volume of 9,310,001 shares. The stock had previously closed at GBX 151.55 ($2.00).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 155 ($2.05) target price on shares of abrdn in a research note on Thursday, June 13th.

abrdn Stock Down 0.8 %

The firm’s 50-day moving average is GBX 156.51 and its two-hundred day moving average is GBX 151.19. The company has a debt-to-equity ratio of 11.74, a quick ratio of 24.97 and a current ratio of 225.80. The stock has a market cap of £2.68 billion, a P/E ratio of 884.71, a PEG ratio of 12.70 and a beta of 1.25.

abrdn Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 7.30 ($0.10) per share. This represents a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, August 15th. abrdn’s dividend payout ratio (DPR) is presently 8,823.53%.

Insider Activity at abrdn

In other abrdn news, insider Douglas J. Flint purchased 11,612 shares of the stock in a transaction dated Thursday, June 27th. The stock was bought at an average price of GBX 149 ($1.97) per share, for a total transaction of £17,301.88 ($22,855.85). 2.41% of the stock is owned by company insiders.

abrdn Company Profile

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.