Insider Buying: London Stock Exchange Group plc (LON:LSEG) Insider Buys 2,000 Shares of Stock

Key Points

• Insider David Schwimmer purchased 2,000 shares of London Stock Exchange Group stock for a total of £188,040 ($249,920.26) at an average price of GBX 9,402 per share.
• The company's stock rose 1.7% to GBX 9,804 ($130.30), with a market capitalization of £51.90 billion and a PE ratio of 76.89.
• Wall Street analysts hold a positive outlook, with an average target price of £130 ($172.78) and multiple firms issuing "buy" ratings on the stock.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) insider David Schwimmer acquired 2,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of GBX 9,402 ($126.46) per share, with a total value of £188,040 ($252,911.90).

London Stock Exchange Group Stock Performance

LON LSEG traded up GBX 46.33 ($0.62) during trading on Friday, reaching GBX 9,952.33 ($133.86). The company's stock had a trading volume of 2,161,210 shares, compared to its average volume of 4,443,938. 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 capitalization of £52.68 billion, a price-to-earnings ratio of 78.05, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. London Stock Exchange Group plc has a 12 month low of GBX 9,050 ($121.72) and a 12 month high of £121.85 ($163.89). The firm has a 50 day moving average price of £106.52 and a 200 day moving average price of £111.57.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.81) earnings per share for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. As a group, equities analysts anticipate that London Stock Exchange Group plc will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group declared that its Board of Directors has approved a stock buyback plan on Thursday, July 31st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

LSEG has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. Citigroup boosted their price objective on shares of London Stock Exchange Group from £130 ($174.85) to £132 ($177.54) and gave the company a "buy" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of London Stock Exchange Group from £127 ($170.81) to £128 ($172.16) and gave the company a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of London Stock Exchange Group from £127 ($170.81) to £128 ($172.16) and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a £132 ($177.54) price objective on shares of London Stock Exchange Group in a report on Thursday, July 31st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of £130 ($174.85).

London Stock Exchange Group Company Profile

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.