Directors dealings: Aberdeen's innovation chief picks up shares

27th Sep 2016 16:02

(ShareCast News) - Aberdeen Asset Management's non-executive director Julie Chakraverty picked up shares in the fund manager two weeks after the Financial Conduct Authority told the firm it must boost it regulatory capital from £335m to £475m.Chakraverty, who chairs Aberdeen's innovation committee since 2014, purchased 3,042 shares at 326 each, for a total amount of £9,916.92 on 26 September.Two months before, on 26 July, analysts at JP Morgan upped their target price on shares of the fund manager from 235p to 270p after the company reported group assets under management for the three months to 30 June which, at £301.4bn, were 2% ahead of their estimates.Nonetheless, the broker reiterated its 'neutral' recommendation on the shares, noting that the firm's stock was changing hands at 18 times' their forecasts for 2018 earnings, versus a sector average of 15.As of 1619 BST shares in Aberdeen Asset Management were lower by 2.22% to 320.24p, versus a 52-week high of 364.50p.Top Director BuysMarlowe (MRL)Director name: OÂ'Neill,Derek Amount purchased: 89,129 @ 170.00pValue: £151,519.30Marlowe (MRL)Director name: Gaze,Peter M RAmount purchased: 73,649 @ 170.00pValue: £125,203.30Safestyle Uk (SFE)Director name: Birmingham,Stephen JohnAmount purchased: 17,500 @ 280.60pValue: £49,105.00Marlowe (MRL)Director name: Skinner,CharlesAmount purchased: 28,882 @ 170.00pValue: £49,099.40Mporium Group (MPM)Director name: Moat,Barry ChristopherAmount purchased: 230,000 @ 6.50pValue: £14,950.00Aberdeen Asset Management (ADN)Director name: Chakraverty,JulieAmount purchased: 3,042 @ 326.00pValue: £9,916.92Cropper (james) (CRPR)Director name: Cropper,Mark A JAmount purchased: 1,000 @ 962.50pValue: £9,625.00Adgorithms Limited (di) (ADGO)Director name: Naveh,Tomer Amount purchased: 28,395 @ 21.00pValue: £5,962.95Adgorithms Limited (di) (ADGO)Director name: Russo,Or Amount purchased: 28,395 @ 21.00pValue: £5,962.95Adgorithms Limited (di) (ADGO)Director name: Stern ,Ron Amount purchased: 28,395 @ 21.00pValue: £5,962.95Foreign And Colonial Inv Trust (FRCL)Director name: Ecsery,FrancescaAmount purchased: 988 @ 502.90pValue: £4,968.65Top Director SellsD4t4 Solutions (D4T4)Director name: Lythall,JohnAmount sold: 500,000 @ 136.50pValue: £682,500.00Close Brothers Group (CBG)Director name: Lee,ElizabethAmount sold: 20,000 @ 1,417.00pValue: £283,400.00Scapa Group (SCPA)Director name: Carter,Christopher Amount sold: 83,102 @ 267.00pValue: £221,882.35Mxc Capital (MXCP)Director name: Young,MarcAmount sold: 2,555,313 @ 3.60pValue: £91,991.26Wyg (WYG)Director name: Jeffcoat,DavidAmount sold: 40,000 @ 116.42pValue: £46,568.00Mxc Capital (MXCP)Director name: Rigg,Peter MartinAmount sold: 235,305 @ 3.60pValue: £8,470.98