abrdn (LON:ABDN) Announces Quarterly Earnings Results

abrdn (LON:ABDN) issued its earnings results on Tuesday. The company reported GBX 15.20 ($0.20) EPS for the quarter, Digital Look Earnings reports. abrdn had a net margin of 21.19% and a return on equity of 6.46%.

abrdn Trading Up 1.8 %

abrdn stock traded up GBX 3.15 ($0.04) during midday trading on Thursday, reaching GBX 176 ($2.27). The stock had a trading volume of 4,238,459 shares, compared to its average volume of 6,703,715. The stock has a market capitalization of £3.15 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a quick ratio of 24.97 and a current ratio of 225.80. The stock’s 50-day simple moving average is GBX 149.35 and its 200 day simple moving average is GBX 148. abrdn has a twelve month low of GBX 130.50 ($1.68) and a twelve month high of GBX 186.48 ($2.40).

Insider Activity at abrdn

In other abrdn news, insider Jason Windsor bought 357,635 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 139 ($1.79) per share, with a total value of £497,112.65 ($640,774.23). 2.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Citigroup boosted their price objective on shares of abrdn from GBX 140 ($1.80) to GBX 172 ($2.22) and gave the stock a “neutral” rating in a report on Thursday.

abrdn Company Profile

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.