London Stock Exchange Group (LON:LSEG) Posts Quarterly Earnings Results

Key Points

• London Stock Exchange Group reported a quarterly earnings per share (EPS) of GBX 208.90 ($2.76), with a return on equity of 2.92% and a net margin of 7.93%.
• The company's stock saw an increase of 1.7% during trading hours, reaching GBX 9,413.62 ($124.35), while its market capitalization is approximately £49.83 billion.
• Analysts from Deutsche Bank, JPMorgan Chase, and Canaccord Genuity have all recently upgraded their ratings on shares of London Stock Exchange Group, indicating a positive outlook for the stock.

London Stock Exchange Group (LON:LSEG - Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 208.90 ($2.78) earnings per share (EPS) for the quarter, Digital Look Earnings reports. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%.

London Stock Exchange Group Trading Up 1.7%

LSEG traded up GBX 168 ($2.23) during midday trading on Tuesday, hitting GBX 9,804 ($130.30). The company's stock had a trading volume of 2,089,271 shares, compared to its average volume of 4,491,447. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. The firm has a market cap of £51.90 billion, a P/E ratio of 76.89, a PEG ratio of 1.72 and a beta of 0.41. The firm has a 50-day moving average price of £107.73 and a two-hundred day moving average price of £112.05. London Stock Exchange Group has a 52-week low of GBX 9,050 ($120.28) and a 52-week high of £121.85 ($161.95).

Insider Activity

In other news, insider Michel-Alain Proch acquired 5,686 shares of the business's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of GBX 9,340 ($124.14) per share, for a total transaction of £531,072.40 ($705,837.85). Also, insider Lloyd Pitchford bought 1,500 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of GBX 9,413 ($125.11) per share, with a total value of £141,195 ($187,659.49). 5.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LSEG. Royal Bank Of Canada reiterated an "outperform" rating and issued a £132 ($175.44) price objective on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft increased their price objective on London Stock Exchange Group from £127 ($168.79) to £128 ($170.12) and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on London Stock Exchange Group from £127 ($168.79) to £128 ($170.12) and gave the company an "overweight" rating in a report on Friday. Finally, Citigroup increased their price objective on London Stock Exchange Group from £130 ($172.78) to £132 ($175.44) and gave the company a "buy" rating in a report on Monday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of £130 ($172.78).

London Stock Exchange Group declared that its board has initiated a share buyback plan on Thursday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

About London Stock Exchange Group

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain. With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world's financial ecosystem and enable the sustainable growth and stability of our customers and their communities. Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle. LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.