NED - Nedbank Group Limited
Nedbank Group Limited is a bank holding company which provides personal, commercial, corporate and merchant banking, fund management and related financial services throughout South Africa. In addition, Nedbank operates internationally through offices in London, Isle of Man, and subsidiaries and associates in sub-Saharan Africa.
Nedbank Group is one of South Africa's four largest banks, with Nedbank Ltd as the Group's principal banking subsidiary. Nedbank Group offers the following solutions through its frontline clusters, Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and Nedbank Africa Regions: A wide range of wholesale and retail banking services. A growing insurance, asset management and wealth management offering.
Nedbank Group Limited is listed on the Johannesburg Stock Exchange (JSE). Nedbank is traded on the JSE under the ticker symbol “NED”. The International Securities Identification Number (ISIN) of JSE:NED is ZAE000004875. Nedbank Group Limited is currently the 28th most valuable stock on the JSE with a market capitalization of ZAR 98.8 billion, which is about 0.541% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 201.15 |
| Day’s High Price | 204.64 |
| Traded Volume | 1.84M |
| Number of Deals | 5,256 |
| Gross Turnover | 374M |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 30.43 |
| Price/Earning Ratio | 6.65 |
| Dividend Per Share | 17.37 |
| Dividend Yield | 8.58% |
| Shares Outstanding | 488M |
| Market Capitalization | 98.8B |
NED Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -1.72% | -6.25% | -11.2% |
| 6MO | 1YR | YTD |
|---|---|---|
| -6.63% | -0.57% | -4.82% |
The current share price of Nedbank Group Limited (NED) is ZAR 202.33. NED closed its last trading day (Friday, September 29, 2023) at 202.33 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.3% drop from its previous closing price of 202.94 ZAR. Nedbank began the year with a share price of 212.58 ZAR but has since lost 4.82% off that price valuation, ranking it 236th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that NED has lost 6% of the stock’s value from August 31st to date.
Nedbank Group is the 42nd most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 3 - Sep 29, 2023). NED has traded a total volume of 108 million shares—in 384,954 deals—valued at ZAR 23.3 billion over the period, with an average of 1.71 million traded shares per session. A volume high of 4.96 million was achieved on September 15th, and a low of 492,173 on July 21st, for the same period. The table below details the last 10 trading days of activity of Nedbank on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-09-29 | 1,842,066 | 202.33 | -0.61 | -0.30% |
| 2023-09-28 | 1,172,068 | 202.94 | -1.32 | -0.65% |
| 2023-09-27 | 1,062,168 | 204.26 | -1.20 | -0.58% |
| 2023-09-26 | 1,896,664 | 205.46 | -0.35 | -0.17% |
| 2023-09-22 | 784,924 | 205.81 | -0.07 | -0.03% |
| 2023-09-21 | 2,803,956 | 205.88 | -3.36 | -1.61% |
| 2023-09-20 | 1,374,829 | 209.24 | +7.02 | +3.47% |
| 2023-09-19 | 939,981 | 202.22 | +1.14 | +0.57% |
| 2023-09-18 | 1,196,961 | 201.08 | -2.94 | -1.44% |
| 2023-09-15 | 4,960,207 | 204.02 |
Profile of Nedbank Group Limited
Nedbank Group Limited was founded on November 9, 1966 and operates in the Financials sector, specifically, the Banking industry. Nedbank Group contracts an estimated total number of 28,697 employees.
Factsheet of Nedbank Group Limited
- Sector
- Financials
- Industry
- Banking
- Address
- 135 Rivonia Road, Sandown, Johannesburg, 2196, South Africa
- Telephone
- +27-11-294-4444
NED Industrial Market Competitors
Nedbank Group Limited, issuers of the NED stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| FGL | Finbond Group Ltd | 353M | 0.40 | +17.7% |
| INPP | Investec Plc Preference Shares | 358M | 130.00 | +16.1% |
| SBK | Standard Bank Group Limited | 308B | 183.72 | +9.49% |
| INP | Investec Plc | 71.7B | 111.17 | +3.25% |
| FSR | FirstRand Limited | 358B | 63.86 | +2.8% |
| INL | Investec Limited | 32.2B | 108.92 | +1.32% |
| CPIP | Capitec Bank Preference Shares | 56.7M | 100.00 | -0.99% |
| SBPP | Standard Bank Preference Shares | 149B | 88.99 | -1.12% |
| INPR | Investec Ltd Preference Shares | 2.16B | 87.10 | -7.09% |
| CPI | Capitec Bank Holdings Limited | 199B | 1,716.33 | -7.65% |