Investec Group (LON:INVP) Trading Down 1.3% – Here’s What Happened

Investec Group (LON:INVP)’s stock price dropped 1.3% during trading on Thursday . The stock traded as low as GBX 564.50 ($7.12) and last traded at GBX 566 ($7.14). Approximately 633,866 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 1,021,260 shares. The stock had previously closed at GBX 573.50 ($7.24).

Investec Group Stock Performance

The business’s 50 day moving average is GBX 591.04 and its 200 day moving average is GBX 578.40. The stock has a market cap of £3.62 billion, a price-to-earnings ratio of 825.74, a price-to-earnings-growth ratio of 0.67 and a beta of 1.05.

Investec Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be given a dividend of GBX 16.50 ($0.21) per share. This represents a yield of 2.72%. The ex-dividend date is Thursday, December 12th. Investec Group’s payout ratio is presently 5,147.06%.

Investec Group Company Profile

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.