Virgin Money Holdings PLC (LON:VM) declared a dividend on Tuesday, July 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 1.90 ($0.02) per share on Friday, September 22nd. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be viewed at this link.
Shares of Virgin Money Holdings PLC (LON:VM) traded up 3.61% during trading on Wednesday, hitting GBX 289.70. 2,281,867 shares of the stock traded hands. The company’s market cap is GBX 1.28 billion. Virgin Money Holdings PLC has a 52 week low of GBX 251.33 and a 52 week high of GBX 353.30. The firm’s 50-day moving average price is GBX 284.26 and its 200-day moving average price is GBX 309.05.
Several equities analysts recently issued reports on VM shares. Numis Securities Ltd cut Virgin Money Holdings PLC to a “hold” rating and decreased their price target for the company from GBX 380 ($4.95) to GBX 290 ($3.78) in a report on Monday, July 3rd. Investec restated a “buy” rating and set a GBX 390 ($5.08) target price on shares of Virgin Money Holdings PLC in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 370 ($4.82) target price on shares of Virgin Money Holdings PLC in a report on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and set a GBX 380 ($4.95) target price on shares of Virgin Money Holdings PLC in a report on Wednesday, April 26th. Finally, Credit Suisse Group upgraded Virgin Money Holdings PLC to an “outperform” rating and set a GBX 345 ($4.49) target price on the stock in a report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 369.07 ($4.81).
In other news, insider Peter Bole sold 12,541 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 299 ($3.90), for a total transaction of £37,497.59 ($48,850.43). Also, insider Jayne-Anne Gadhia purchased 35,365 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were acquired at an average cost of GBX 281 ($3.66) per share, for a total transaction of £99,375.65 ($129,462.81). In the last ninety days, insiders have sold 719,641 shares of company stock worth $217,606,559.
About Virgin Money Holdings PLC
Virgin Money Holdings (UK) plc is a United Kingdom-based retail bank. The Company is engaged in the business of residential mortgages, savings and credit cards. The Company provides residential and buy-to-let mortgages and credit cards to customers across the United Kingdom. Mortgages are sold primarily through its intermediary partners and retail deposits are originated directly through its digital channel.
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