TP ICAP Group PLC (LON:TCAP - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 265.52 ($3.38) and traded as low as GBX 255.50 ($3.25). TP ICAP Group shares last traded at GBX 260 ($3.31), with a volume of 1,059,343 shares.
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
Read Our Latest Stock Analysis on TCAP
TP ICAP Group Stock Down 2.6 %
The stock has a 50 day moving average price of GBX 263.56 and a 200 day moving average price of GBX 255.05. The stock has a market capitalization of £1.72 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.
TP ICAP Group (LON:TCAP - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported GBX 31.80 ($0.40) EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. Sell-side analysts forecast that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 10th will be paid a GBX 11.30 ($0.14) dividend. This is a boost from TP ICAP Group's previous dividend of $4.80. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.28%. TP ICAP Group's payout ratio is currently 116.48%.
TP ICAP Group declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Insiders Place Their Bets
In other TP ICAP Group news, insider Nicolas Breteau sold 52,349 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.27), for a total transaction of £134,536.93 ($171,253.73). Company insiders own 0.57% of the company's stock.
TP ICAP Group Company Profile
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