London Stock Exchange Group (OTCMKTS:LNSTY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• London Stock Exchange Group saw a significant increase in trading volume, with 1,809,980 shares traded, marking a 162% increase from the previous session.
• Analysts have upgraded the company from a "hold" to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" from multiple analysts.
• The company announced a dividend of $0.124 per share, with a high yield of 107.0%, to be paid on October 2nd.

Shares of London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,809,980 shares changed hands during trading, an increase of 162% from the previous session's volume of 690,268 shares.The stock last traded at $29.91 and had previously closed at $30.09.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of "Strong Buy".

London Stock Exchange Group Price Performance

The stock has a fifty day moving average of $33.32 and a 200-day moving average of $36.12. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.33.

London Stock Exchange Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 2nd. Investors of record on Monday, August 18th will be issued a $0.124 dividend. This represents a dividend yield of 107.0%. The ex-dividend date of this dividend is Friday, August 15th.

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.