3i Group (OTCMKTS:TGOPY) Shares Up 1% - Here's Why

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 share price shot up 1% during mid-day trading on Tuesday . The company traded as high as $13.85 and last traded at $13.78. 145,465 shares traded hands during trading, a decline of 55% from the average session volume of 326,082 shares. The stock had previously closed at $13.64.

Wall Street Analysts Forecast Growth

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

3i Group Price Performance

The firm's 50-day simple moving average is $26.38 and its two-hundred day simple moving average is $26.32.

3i Group Increases Dividend

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

About 3i Group

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.

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