TP ICAP Group (LON:TCAP) Hits New 12-Month High – What’s Next?

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. The stock had previously closed at GBX 272.50 ($3.53).

Wall Street Analyst Weigh In

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

TP ICAP Group Stock Down 0.4 %

The business’s 50 day moving average is GBX 266.42 and its two-hundred day moving average is GBX 254.23. The firm has a market capitalization of £2.03 billion, a P/E ratio of 20.89, a PEG 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%. As a group, equities analysts anticipate 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. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 11.30 ($0.15) per share. This is a positive change from TP ICAP Group’s previous dividend of $4.80. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.28%. TP ICAP Group’s dividend payout ratio (DPR) is 116.48%.

TP ICAP Group announced that its board has approved a share repurchase 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. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

About TP ICAP Group