Liontrust Asset Management (LON:LIO) Trading 8.3% Higher After Dividend Announcement

Liontrust Asset Management PLC (LON:LIO) shares were up 8.3% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 462 ($5.79) and last traded at GBX 450.95 ($5.65). Approximately 648,799 shares changed hands during trading, an increase of 113% from the average daily volume of 303,989 shares. The stock had previously closed at GBX 416.50 ($5.22).

The newly announced dividend which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be given a GBX 22 ($0.28) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 5.28%. Liontrust Asset Management’s dividend payout ratio (DPR) is currently -144,000.00%.

Wall Street Analysts Forecast Growth

LIO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 500 ($6.27) target price on shares of Liontrust Asset Management in a research note on Friday. Berenberg Bank lowered their price objective on Liontrust Asset Management from GBX 215 ($2.70) to GBX 195 ($2.44) and set a “hold” rating on the stock in a research report on Wednesday.

Liontrust Asset Management Stock Performance

The company has a market capitalization of £293.99 million, a P/E ratio of -9,200.00, a PEG ratio of -1.70 and a beta of 1.33. The company has a quick ratio of 1.35, a current ratio of 1.42 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average is GBX 497.66 and its two-hundred day moving average is GBX 622.07.

Insiders Place Their Bets

In other news, insider Vinay Kumar Abrol acquired 50,000 shares of Liontrust Asset Management stock in a transaction dated Thursday, November 21st. The shares were purchased at an average cost of GBX 454 ($5.69) per share, for a total transaction of £227,000 ($284,568.13). Corporate insiders own 11.90% of the company’s stock.

Liontrust Asset Management Company Profile

Liontrust Asset Management Plc is a publicly owned investment manager. The firm also launches equity, fixed income, , multi-asset and managed funds for its clients. It invests into the public equity and multi-asset markets across the globe. The firm was formerly known as River and Mercantile Investment Management Limited.