B.P. Marsh & Partners PLC (LON:BPM – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 498.60 ($6.48) and traded as high as GBX 563 ($7.32). B.P. Marsh & Partners shares last traded at GBX 557.50 ($7.24), with a volume of 21,300 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group lifted their price target on shares of B.P. Marsh & Partners from GBX 560 ($7.28) to GBX 625 ($8.12) and gave the stock a “buy” rating in a research note on Wednesday, July 3rd.
Check Out Our Latest Analysis on BPM
B.P. Marsh & Partners Stock Down 0.4 %
B.P. Marsh & Partners Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, July 26th. Shareholders of record on Thursday, June 27th were paid a dividend of GBX 5.36 ($0.07) per share. This is a positive change from B.P. Marsh & Partners’s previous dividend of $2.68. The ex-dividend date of this dividend was Thursday, June 27th. This represents a yield of 1.13%. B.P. Marsh & Partners’s payout ratio is presently 1,052.63%.
Insider Activity at B.P. Marsh & Partners
In related news, insider Daniel Topping purchased 1,212 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of GBX 558 ($7.25) per share, with a total value of £6,762.96 ($8,787.63). Insiders own 83.46% of the company’s stock.
About B.P. Marsh & Partners
B.P. Marsh & Partners PLC engages in the provision of consulting services, making and trading in investments, and financial services businesses in the United Kingdom and internationally. The company primarily invests in financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers, and specialist advisory and consultancy firms.
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