Investec Group (LON:INVP) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Investec Group shares have recently surpassed their 200-day moving average, indicating potential upward momentum, having traded as high as GBX 566 ($7.48).
• The company reported a net margin of 43.98% and a return on equity of 11.67%, with earnings per share of GBX 79.10 ($1.04) for the most recent quarter.
• Recent insider selling involved significant transactions, with 1,168,381 shares sold over the last ninety days, equating to a value of approximately $624.6 million.

Investec Group (LON:INVP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 508.46 ($6.76) and traded as high as GBX 566 ($7.52). Investec Group shares last traded at GBX 561.50 ($7.46), with a volume of 556,213 shares traded.

Investec Group Price Performance

The stock's 50 day simple moving average is GBX 536.72 and its 200-day simple moving average is GBX 508.48. The company has a market capitalization of £4.63 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Investec Group (LON:INVP - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The company reported GBX 79.10 ($1.05) EPS for the quarter. Investec Group had a net margin of 43.98% and a return on equity of 11.67%. On average, equities analysts predict that Investec Group will post 70.0000031 earnings per share for the current year.

Insider Activity

In other news, insider Stephen Koseff sold 300,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of GBX 565 ($7.51), for a total transaction of £1,695,000 ($2,252,791.07). Also, insider Fani Titi sold 100,546 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of GBX 524 ($6.96), for a total transaction of £526,861.04 ($700,240.62). Over the last ninety days, insiders sold 1,168,381 shares of company stock valued at $624,586,607. 4.96% of the stock is currently owned by company insiders.

About Investec Group

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.