abrdn (LON:ABDN) Trading 1.8% Higher - Still a Buy?

abrdn plc (LON:ABDN - Get Free Report) shares shot up 1.8% during mid-day trading on Tuesday . The company traded as high as GBX 170.94 ($2.31) and last traded at GBX 169.50 ($2.29). 4,272,745 shares changed hands during trading, a decline of 64% from the average session volume of 11,952,956 shares. The stock had previously closed at GBX 166.50 ($2.25).

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price target 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.

abrdn Trading Down 0.1%

The stock has a market cap 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 company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The stock has a 50-day moving average price of GBX 151.83 and a 200-day moving average price of GBX 148.98.

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

abrdn Announces Dividend

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

Insider Activity at abrdn

In other news, insider Jason Windsor sold 84,587 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of GBX 169 ($2.29), for a total value of £142,952.03 ($193,518.38). 2.41% of the stock is owned by insiders.

abrdn Company Profile

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.