3i Group (LON:III) Stock Price Passes Above 200-Day Moving Average of $2,498.16

3i Group (LON:III - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,498.16 ($31.75) and traded as high as GBX 2,982 ($37.90). 3i Group shares last traded at GBX 2,977 ($37.84), with a volume of 557,664 shares.

Analyst Upgrades and Downgrades

Separately, Barclays upped their price target on shares of 3i Group from GBX 2,815 ($35.78) to GBX 3,050 ($38.76) and gave the company an "overweight" rating in a research note on Friday, May 3rd.

3i Group Stock Performance

The company has a debt-to-equity ratio of 6.74, a quick ratio of 0.09 and a current ratio of 1.48. The company has a fifty day moving average of GBX 2,809.26 and a two-hundred day moving average of GBX 2,498.16. The firm has a market capitalization of £28.81 billion, a price-to-earnings ratio of 646.74, a PEG ratio of -0.35 and a beta of 1.03.

3i Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 26th. Stockholders of record on Thursday, June 20th will be given a GBX 34.50 ($0.44) dividend. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 20th. This is a boost from 3i Group's previous dividend of $26.50. 3i Group's payout ratio is presently 1,217.39%.

Insider Buying and Selling

In related news, insider Alexandra Schaapveld purchased 7,100 shares of the business's stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of GBX 2,821 ($35.85) per share, for a total transaction of £200,291 ($254,564.06). Over the last three months, insiders have acquired 7,111 shares of company stock valued at $20,058,058. 3.39% of the stock is owned by company insiders.

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.