TP ICAP Group PLC (LON:TCAP - Get Free Report) insider Robin Stewart sold 214,471 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of GBX 261 ($3.51), for a total value of £559,769.31 ($753,187.98).
TP ICAP Group Stock Up 1.0%
Shares of TCAP stock traded up GBX 2.50 ($0.03) during mid-day trading on Friday, hitting GBX 262.50 ($3.53). 2,785,582 shares of the company's stock were exchanged, compared to its average volume of 3,690,421. TP ICAP Group PLC has a fifty-two week low of GBX 197 ($2.65) and a fifty-two week high of GBX 281.43 ($3.79). The stock has a 50-day simple moving average of GBX 254.50 and a two-hundred day simple moving average of GBX 260.37. The stock has a market cap of £1.98 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.43) earnings per share (EPS) for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. As a group, analysts anticipate that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group announced that its board has initiated a stock repurchase program on Tuesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
TP ICAP Group Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, May 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of GBX 11.30 ($0.15) per share. This is a boost from TP ICAP Group's previous dividend of $4.80. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 4.28%. TP ICAP Group's dividend payout ratio (DPR) is 116.48%.
Analyst Upgrades and Downgrades
Separately, Shore Capital restated a "buy" rating on shares of TP ICAP Group in a report on Thursday, March 20th.
View Our Latest Stock Analysis on TCAP
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