Fintel reports that on May 25, 2023, Numis reiterated coverage of Vanquis Banking Group (LSE:VANQ) with a Buy recommendation.
Analyst Price Forecast Suggests 67.19% Upside
As of May 10, 2023, the average one-year price target for Vanquis Banking Group is 377.02. The forecasts range from a low of 191.90 to a high of $687.75. The average price target represents an increase of 67.19% from its latest reported closing price of 225.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vanquis Banking Group is 606MM, an increase of 45.09%. The projected annual non-GAAP EPS is 0.17.
Vanquis Banking Group Maintains 9.14% Dividend Yield
At the most recent price, the company's dividend yield is 9.14%.
Additionally, the company's dividend payout ratio is 0.67. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.For a list of the companies with the highest dividend yield, see Fintel's Dividend Screener.
What is the Fund Sentiment?
There are 54 funds or institutions reporting positions in Vanquis Banking Group. This is a decrease of 2 owner(s) or 3.57% in the last quarter. Average portfolio weight of all funds dedicated to VANQ is 0.03%, an increase of 5.23%. Total shares owned by institutions increased in the last three months by 1.95% to 21,190K shares.
What are Other Shareholders Doing?
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 3,501K shares representing 1.40% ownership of the company. In it's prior filing, the firm reported owning 3,336K shares, representing an increase of 4.71%. The firm increased its portfolio allocation in VANQ by 37.78% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 1,961K shares representing 0.78% ownership of the company. In it's prior filing, the firm reported owning 1,899K shares, representing an increase of 3.18%. The firm increased its portfolio allocation in VANQ by 20.95% over the last quarter.
HILAX - The Hartford International Value Fund holds 1,726K shares representing 0.69% ownership of the company. In it's prior filing, the firm reported owning 1,814K shares, representing a decrease of 5.11%. The firm increased its portfolio allocation in VANQ by 8.48% over the last quarter.
Dfa Investment Trust Co - The United Kingdom Small Company Series holds 1,442K shares representing 0.57% ownership of the company. In it's prior filing, the firm reported owning 1,504K shares, representing a decrease of 4.29%. The firm increased its portfolio allocation in VANQ by 23.22% over the last quarter.
HAINX - Harbor International Fund Institutional Class holds 1,308K shares representing 0.52% ownership of the company. In it's prior filing, the firm reported owning 1,344K shares, representing a decrease of 2.72%. The firm increased its portfolio allocation in VANQ by 28.59% over the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
