Shares of TP ICAP Group PLC (LON:TCAP - Get Free Report) rose 0.4% during trading on Monday . The company traded as high as GBX 271 ($3.61) and last traded at GBX 269 ($3.58). Approximately 1,111,220 shares were traded during trading, a decline of 72% from the average daily volume of 3,947,604 shares. The stock had previously closed at GBX 268 ($3.57).
Analyst Ratings Changes
Separately, Shore Capital reaffirmed a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
Check Out Our Latest Report on TP ICAP Group
TP ICAP Group Trading Down 1.3%
The company's 50-day simple moving average is GBX 254.96 and its 200-day simple moving average is GBX 258.46. The stock has a market capitalization of £1.98 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported GBX 31.80 ($0.42) earnings per share (EPS) for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. On average, equities research analysts expect that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 11.30 ($0.15) per share. This represents a yield of 4.28%. The ex-dividend date is Thursday, April 10th. This is an increase from TP ICAP Group's previous dividend of $4.80. TP ICAP Group's dividend payout ratio is currently 116.48%.
TP ICAP Group announced that its board has approved a share buyback plan on Tuesday, March 11th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Insider Activity
In related news, insider Nicolas Breteau sold 52,349 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.42), for a total transaction of £134,536.93 ($179,048.35). Insiders own 0.57% of the company's stock.
About TP ICAP Group
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