Investec Group (LON:INVP) Shares Pass Above 200-Day Moving Average of $450.82

Posted by MarketBeat News on Aug 6th, 2022

Shares of Investec Group (LON:INVP – Get Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 450.82 ($5.52) and traded as high as GBX 454.20 ($5.57). Investec Group shares last traded at GBX 451.90 ($5.54), with a volume of 494,672 shares.

Investec Group Trading Up 1.3 %

The stock has a market capitalization of £4.32 billion and a P/E ratio of 903.80. The stock has a 50 day moving average of GBX 445.39 and a 200-day moving average of GBX 450.82.

Investec Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 8th. Investors of record on Thursday, July 21st will be paid a dividend of GBX 14 ($0.17) per share. This is a positive change from Investec Group’s previous dividend of $11.00. This represents a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, July 21st. Investec Group’s dividend payout ratio (DPR) is currently 37.00%.

Insider Buying and Selling

In other Investec Group news, insider Ciaran Whelan sold 7,505 shares of Investec Group stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of GBX 483 ($5.92), for a total transaction of £36,249.15 ($44,417.53). In other Investec Group news, insider Ciaran Whelan sold 7,505 shares of Investec Group stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of GBX 483 ($5.92), for a total transaction of £36,249.15 ($44,417.53). Also, insider Richard John Wainwright sold 14,203 shares of Investec Group stock in a transaction on Friday, May 27th. The shares were sold at an average price of GBX 455 ($5.58), for a total value of £64,623.65 ($79,185.95). In the last three months, insiders sold 139,135 shares of company stock valued at $66,975,569.

About Investec Group

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Investec Group provides various financial products and services in the United Kingdom South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, discretionary wealth management, financial planning, stockbroking/execution, pensions and retirement, and investment advisory services for private clients, charities, pension funds and trusts.