City of London (LON:CTY - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 422 ($5.30) and last traded at GBX 420.30 ($5.28), with a volume of 496754 shares changing hands. The stock had previously closed at GBX 417 ($5.24).
City of London Stock Performance
The company has a market cap of £2.11 billion, a price-to-earnings ratio of 1,678.00 and a beta of 0.67. The company has a debt-to-equity ratio of 5.73, a current ratio of 3.34 and a quick ratio of 0.50. The stock has a 50-day moving average price of GBX 402.12 and a 200 day moving average price of GBX 398.05.
City of London Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 25th will be issued a dividend of GBX 5.25 ($0.07) per share. This represents a dividend yield of 1.3%. This is a positive change from City of London's previous dividend of $5.05. The ex-dividend date of this dividend is Thursday, April 25th. City of London's dividend payout ratio (DPR) is presently 8,400.00%.
Insider Buying and Selling
In related news, insider Ominder Dhillon acquired 1,500 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of GBX 393 ($4.94) per share, for a total transaction of £5,895 ($7,405.78). 1.49% of the stock is currently owned by company insiders.
About City of London
(
Get Free Report)
The City of London Investment Trust plc is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.
Further Reading
Before you consider City of London, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City of London wasn't on the list.
While City of London currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
