London Stock Exchange Group (OTCMKTS:LNSTY) Sees Strong Trading Volume Following Dividend Announcement

Key Points

• London Stock Exchange Group experienced a significant increase in trading volume, up 143% to 1,371,056 shares, following the announcement of a $0.124 dividend to be paid on October 2nd.
• BNP Paribas upgraded the company's rating from "hold" to "strong-buy", suggesting positive growth prospects for the stock.
• The stock is currently trading at $31.58, with a dividend yield of 107.0%, while its 50-day and 200-day moving averages stand at $36.08 and $36.99, respectively.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) saw strong trading volume on Wednesday after the company announced a dividend. 1,371,056 shares changed hands during mid-day trading, an increase of 143% from the previous session's volume of 563,404 shares.The stock last traded at $31.58 and had previously closed at $32.29.

The newly announced dividend which will be paid on Thursday, October 2nd. Shareholders of record on Monday, August 18th will be paid a $0.124 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 107.0%.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised shares of London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st.

London Stock Exchange Group Trading Down 1.2%

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50 day moving average is $35.67 and its two-hundred day moving average is $36.88.

London Stock Exchange Group Company Profile

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.