TP ICAP Group PLC (LON:TCAP - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 281 ($3.64) and last traded at GBX 274.50 ($3.55), with a volume of 610839 shares trading hands. The stock had previously closed at GBX 272.50 ($3.53).
Analyst Upgrades and Downgrades
Separately, Shore Capital reaffirmed a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
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TP ICAP Group Stock Performance
The company has a fifty day simple moving average of GBX 266.38 and a two-hundred day simple moving average of GBX 254.43. The company has a market capitalization of £2.03 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) earnings per share for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. As a group, analysts expect that TP ICAP Group PLC will post 31.0273973 EPS for the current year.
TP ICAP Group Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 10th will be issued a GBX 11.30 ($0.15) dividend. This represents a yield of 4.28%. This is an increase from TP ICAP Group's previous dividend of $4.80. The ex-dividend date is Thursday, April 10th. TP ICAP Group's payout ratio is presently 116.48%.
TP ICAP Group declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
About TP ICAP Group
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