Aberdeen Asset Management plc (LON:ADN) declared a dividend on Monday, November 28th. Investors of record on Thursday, December 8th will be paid a dividend of GBX 12 ($0.15) per share on Thursday, February 9th. This represents a yield of 4.37%. The ex-dividend date is Thursday, December 8th. This is a boost from Aberdeen Asset Management plc’s previous dividend of $7.50. The official announcement can be seen at this link.
Shares of Aberdeen Asset Management plc (LON:ADN) traded down 3.95% on Monday, reaching GBX 274.80. 15,133,302 shares of the company traded hands. Aberdeen Asset Management plc has a one year low of GBX 208.50 and a one year high of GBX 354.40. The firm’s 50 day moving average is GBX 309.25 and its 200 day moving average is GBX 305.75. The company’s market capitalization is GBX 3.53 billion.
In related news, insider Gilbert,Martin J sold 1,631,343 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of GBX 325 ($4.03), for a total value of £5,301,864.75 ($6,577,179.94). Also, insider Julie Chakraverty acquired 3,042 shares of Aberdeen Asset Management plc stock in a transaction that occurred on Monday, September 26th. The stock was acquired at an average cost of GBX 326 ($4.04) per share, for a total transaction of £9,916.92 ($12,302.34).
Several research analysts have weighed in on ADN shares. JPMorgan Chase & Co. increased their price objective on Aberdeen Asset Management plc from GBX 270 ($3.35) to GBX 320 ($3.97) and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 300 ($3.72) price objective on shares of Aberdeen Asset Management plc in a research report on Wednesday, October 5th. Royal Bank Of Canada cut Aberdeen Asset Management plc to an “underperform” rating and increased their price objective for the stock from GBX 305 ($3.78) to GBX 320 ($3.97) in a research report on Thursday, October 6th. Liberum Capital increased their price objective on Aberdeen Asset Management plc from GBX 243 ($3.01) to GBX 323 ($4.01) and gave the stock a “hold” rating in a research report on Friday, October 7th. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 260 ($3.23) price objective on shares of Aberdeen Asset Management plc in a research report on Monday, November 21st. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Aberdeen Asset Management plc has a consensus rating of “Hold” and an average target price of GBX 283.29 ($3.51).