TP ICAP Group PLC (LON:TCAP - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 256.46 ($3.40) and traded as low as GBX 241.50 ($3.20). TP ICAP Group shares last traded at GBX 244 ($3.23), with a volume of 1,060,534 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
Get Our Latest Analysis on TCAP
TP ICAP Group Price Performance
The company has a 50-day simple moving average of GBX 255.69 and a 200-day simple moving average of GBX 255.23. The firm has a market cap of £1.88 billion, a PE ratio of 19.34, a price-to-earnings-growth 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 for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. As a group, equities research analysts predict that TP ICAP Group PLC will post 31.0273973 earnings per share for the current 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 paid a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from TP ICAP Group's previous dividend of $4.80. This represents a yield of 4.28%. TP ICAP Group's payout ratio is 116.48%.
TP ICAP Group announced that its board has initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Insider Activity
In related news, insider Nicolas Breteau sold 52,349 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of GBX 257 ($3.41), for a total transaction of £134,536.93 ($178,265.44). Insiders own 0.57% of the company's stock.
About TP ICAP Group
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