TP ICAP Group (LON:TCAP) Sets New 1-Year High – Here’s What Happened

TP ICAP Group PLC (LON:TCAP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 281 ($3.64) and last traded at GBX 274.50 ($3.55), with a volume of 610839 shares changing hands. The stock had previously closed at GBX 272.50 ($3.53).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of TP ICAP Group in a research note on Thursday, March 20th.

TP ICAP Group Stock Up 0.4 %

The firm has a 50-day moving average price of GBX 266.33 and a two-hundred day moving average price of GBX 253.84. The firm has a market cap of £2.06 billion, a PE ratio of 21.24, a P/E/G ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAP) last announced its quarterly earnings data 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%. Research 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 dividend of GBX 11.30 ($0.15) per share. This represents a yield of 4.28%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from TP ICAP Group’s previous dividend of $4.80. TP ICAP Group’s dividend payout ratio is currently 116.48%.

TP ICAP Group declared that its board has authorized a share buyback program on Tuesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About TP ICAP Group