TP ICAP Group PLC (LON:TCAP - Get Free Report) insider Philip Price sold 218,818 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of GBX 261 ($3.51), for a total value of £571,114.98 ($768,660.81).
TP ICAP Group Stock Up 0.2%
Shares of TCAP traded up GBX 0.50 ($0.01) during mid-day trading on Monday, hitting GBX 263 ($3.54). 992,037 shares of the company traded hands, compared to its average volume of 3,664,475. The company has a market capitalization of £1.98 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The business has a 50 day moving average of GBX 254.50 and a 200 day moving average of GBX 260.44. TP ICAP Group PLC has a 1-year low of GBX 197 ($2.65) and a 1-year high of GBX 281.43 ($3.79).
TP ICAP Group (LON:TCAP - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.43) EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. As a group, research analysts expect that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.
TP ICAP Group announced that its board has approved a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
TP ICAP Group Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th were paid a GBX 11.30 ($0.15) dividend. This represents a yield of 4.28%. This is a positive change from TP ICAP Group's previous dividend of $4.80. The ex-dividend date of this dividend was Thursday, April 10th. TP ICAP Group's dividend payout ratio (DPR) is 116.48%.
Analysts Set New Price Targets
Separately, Shore Capital restated a "buy" rating on shares of TP ICAP Group in a research note on Monday.
Check Out Our Latest Stock Analysis on TCAP
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