TP ICAP Group PLC (LON:TCAP - Get Free Report) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 11.30 ($0.15) per share on Friday, May 23rd. This represents a dividend yield of 4.28%. The ex-dividend date is Thursday, April 10th. This is a 135.4% increase from TP ICAP Group's previous dividend of $4.80. The official announcement can be viewed at this link.
TP ICAP Group Price Performance
Shares of TP ICAP Group stock traded down GBX 0.50 ($0.01) during midday trading on Friday, reaching GBX 236.50 ($3.09). The company had a trading volume of 1,283,245 shares, compared to its average volume of 4,491,723. The stock has a fifty day moving average price of GBX 259.20 and a 200 day moving average price of GBX 254.81. TP ICAP Group has a fifty-two week low of GBX 192 ($2.51) and a fifty-two week high of GBX 281 ($3.68). The firm has a market cap of £1.78 billion, a PE ratio of 18.37, a P/E/G ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last issued its quarterly 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 net margin of 4.54% and a return on equity of 4.82%. As a group, sell-side analysts forecast that TP ICAP Group will post 31.0273973 EPS for the current year.
Analyst Ratings Changes
Separately, Shore Capital reissued a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
Check Out Our Latest Report on TCAP
Insiders Place Their Bets
In other news, insider Nicolas Breteau sold 52,349 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.36), for a total transaction of £134,536.93 ($176,026.34). Company insiders own 0.57% of the company's stock.
TP ICAP Group announced that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.
TP ICAP Group Company Profile
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