Investec (LON:INVP) Shares Cross Above Two Hundred Day Moving Average of $0.00

Investec plc (LON:INVP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $459.10. Investec shares last traded at $448.70, with a volume of 1,052,151 shares changing hands.

Separately, Numis Securities reiterated a “hold” rating and issued a GBX 482 ($6.30) target price on shares of Investec in a research report on Thursday, May 16th.

The firm’s 50-day moving average price is GBX 500.49. The firm has a market cap of $3.12 billion and a price-to-earnings ratio of 8.81.

The firm also recently announced a dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, July 25th will be given a GBX 13.50 ($0.18) dividend. This represents a dividend yield of 2.78%. This is a boost from Investec’s previous dividend of $11.00. The ex-dividend date is Thursday, July 25th. Investec’s dividend payout ratio is 0.47%.

In other news, insider Bernard Kantor sold 47,229 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of GBX 455 ($5.95), for a total value of £214,891.95 ($280,794.39). Insiders sold 74,945 shares of company stock valued at $34,804,660 over the last quarter.

About Investec (LON:INVP)

Investec plc, a specialist bank and asset manager, provides various financial products and services in the United Kingdom, South Africa, Australia, other European countries, Hong Kong, India, Mauritius, the United States, and internationally. It operates in three divisions: Asset Management, Wealth & Investment, and Specialist Banking.

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