Directors dealings: Aberdeen's innovation chief picks up shares

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 Buys

Marlowe (MRL)
Director name: OÂ’Neill,Derek
Amount purchased: 89,129 @ 170.00p
Value: £151,519.30

Marlowe (MRL)
Director name: Gaze,Peter M R
Amount purchased: 73,649 @ 170.00p
Value: £125,203.30

Safestyle Uk (SFE)
Director name: Birmingham,Stephen John
Amount purchased: 17,500 @ 280.60p
Value: £49,105.00

Marlowe (MRL)
Director name: Skinner,Charles
Amount purchased: 28,882 @ 170.00p
Value: £49,099.40

Mporium Group (MPM)
Director name: Moat,Barry Christopher
Amount purchased: 230,000 @ 6.50p
Value: £14,950.00

Aberdeen Asset Management (ADN)
Director name: Chakraverty,Julie
Amount purchased: 3,042 @ 326.00p
Value: £9,916.92

Cropper (james) (CRPR)
Director name: Cropper,Mark A J
Amount purchased: 1,000 @ 962.50p
Value: £9,625.00

Adgorithms Limited (di) (ADGO)
Director name: Naveh,Tomer
Amount purchased: 28,395 @ 21.00p
Value: £5,962.95

Adgorithms Limited (di) (ADGO)
Director name: Russo,Or
Amount purchased: 28,395 @ 21.00p
Value: £5,962.95

Adgorithms Limited (di) (ADGO)
Director name: Stern ,Ron
Amount purchased: 28,395 @ 21.00p
Value: £5,962.95

Foreign And Colonial Inv Trust (FRCL)
Director name: Ecsery,Francesca
Amount purchased: 988 @ 502.90p
Value: £4,968.65

Top Director Sells

D4t4 Solutions (D4T4)
Director name: Lythall,John
Amount sold: 500,000 @ 136.50p
Value: £682,500.00

Close Brothers Group (CBG)
Director name: Lee,Elizabeth
Amount sold: 20,000 @ 1,417.00p
Value: £283,400.00

Scapa Group (SCPA)
Director name: Carter,Christopher
Amount sold: 83,102 @ 267.00p
Value: £221,882.35

Mxc Capital (MXCP)
Director name: Young,Marc
Amount sold: 2,555,313 @ 3.60p
Value: £91,991.26

Wyg (WYG)
Director name: Jeffcoat,David
Amount sold: 40,000 @ 116.42p
Value: £46,568.00

Mxc Capital (MXCP)
Director name: Rigg,Peter Martin
Amount sold: 235,305 @ 3.60p
Value: £8,470.98