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abrdn (LON:ABDN) Shares Up 1.8% - Here's What Happened

abrdn logo with Financial Services background

abrdn plc (LON:ABDN - Get Free Report) shares traded up 1.8% during mid-day trading on Tuesday . The company traded as high as GBX 170.94 ($2.32) and last traded at GBX 169.50 ($2.30). 4,272,745 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 11,952,956 shares. The stock had previously closed at GBX 166.50 ($2.26).

Wall Street Analyst Weigh In

Separately, Citigroup upped their target price on abrdn from GBX 140 ($1.90) to GBX 172 ($2.33) and gave the company a "neutral" rating in a research report on Thursday, March 6th.

View Our Latest Stock Report on ABDN

abrdn Stock Down 0.1%

The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The firm has a market capitalization of £3.01 billion, a P/E ratio of 9.57, a P/E/G ratio of 12.70 and a beta of 1.25. The stock has a fifty day moving average price of GBX 151.71 and a two-hundred day moving average price of GBX 149.41.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 15.20 ($0.21) earnings per share for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Research analysts forecast that abrdn plc will post 15.2266152 EPS for the current year.

abrdn Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 13th. Stockholders of record on Thursday, March 27th were issued a GBX 7.30 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a dividend yield of 4.17%. abrdn's dividend payout ratio (DPR) is 85.27%.

Insider Activity

In related news, insider Jason Windsor sold 84,587 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of GBX 169 ($2.29), for a total transaction of £142,952.03 ($193,964.76). Company insiders own 2.41% of the company's stock.

About abrdn

(Get Free Report)

aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence. We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.

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