TP ICAP Group PLC (LON:TCAP - Get Free Report) insider Nicolas Breteau sold 52,349 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of GBX 257 ($3.28), for a total transaction of £134,536.93 ($171,910.21).
TP ICAP Group Price Performance
Shares of LON TCAP traded up GBX 7.35 ($0.09) during trading hours on Tuesday, reaching GBX 235.35 ($3.01). The stock had a trading volume of 185,041,125 shares, compared to its average volume of 7,210,308. The company has a market cap of £1.77 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 0.49 and a beta of 0.65. TP ICAP Group PLC has a twelve month low of GBX 192 ($2.45) and a twelve month high of GBX 281 ($3.59). The business's fifty day moving average is GBX 263.56 and its two-hundred day moving average is GBX 255.05.
TP ICAP Group (LON:TCAP - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) 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 announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
TP ICAP Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 10th will be paid a GBX 11.30 ($0.14) dividend. This is a positive change from TP ICAP Group's previous dividend of $4.80. This represents a dividend yield of 4.28%. The ex-dividend date is Thursday, April 10th. TP ICAP Group's dividend payout ratio is currently 116.48%.
Analyst Ratings Changes
Separately, Shore Capital reiterated a "buy" rating on shares of TP ICAP Group in a research note on Thursday, March 20th.
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