3i Group (OTCMKTS:TGOPY) Trading 1% Higher - Here's What Happened

Key Points

• 3i Group's shares increased by 1% during mid-day trading, reaching a last price of $13.78 with a significant drop in trading volume compared to the average.
• Wall Street analysts have a consensus rating of "Moderate Buy" for 3i Group, with one analyst issuing a Buy rating and another a Hold rating.
• The company recently announced a dividend increase, with a new yield of 134.0%, up from the previous $0.15 dividend.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report)'s stock price rose 1% during mid-day trading on Tuesday . The stock traded as high as $13.85 and last traded at $13.78. Approximately 145,465 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 326,082 shares. The stock had previously closed at $13.64.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded 3i Group to a "hold" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, 3i Group has a consensus rating of "Moderate Buy".

3i Group Price Performance

The business's 50-day moving average is $25.49 and its 200 day moving average is $26.11.

3i Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.2298 per share. The ex-dividend date of this dividend was Friday, June 20th. This is a positive change from 3i Group's previous dividend of $0.15. This represents a dividend yield of 134.0%.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.