TP ICAP Group PLC (LON:TCAP - Get Free Report) insider Nicolas Breteau sold 52,349 shares of TP ICAP Group stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.37), for a total value of £134,536.93 ($176,280.04).
TP ICAP Group Price Performance
Shares of TCAP opened at GBX 253 ($3.31) on Friday. The firm has a 50-day simple moving average of GBX 265.09 and a two-hundred day simple moving average of GBX 254.99. The stock has a market cap of £1.91 billion, a PE ratio of 19.65, a P/E/G ratio of 0.49 and a beta of 0.65. TP ICAP Group PLC has a 1-year low of GBX 192 ($2.52) and a 1-year high of GBX 281 ($3.68).
TP ICAP Group (LON:TCAP - Get Free Report) last posted its 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 net margin of 4.54% and a return on equity of 4.82%. As a group, sell-side analysts expect that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group Increases Dividend
The company also recently disclosed 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 dividend yield of 4.28%. The ex-dividend date is Thursday, April 10th. This is an increase from TP ICAP Group's previous dividend of $4.80. TP ICAP Group's payout ratio is currently 116.48%.
TP ICAP Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
Separately, Shore Capital reissued a "buy" rating on shares of TP ICAP Group in a research report on Thursday, March 20th.
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