Nicolas Breteau Sells 52,349 Shares of TP ICAP Group PLC (LON:TCAP) Stock

TP ICAP Group PLC (LON:TCAP) insider Nicolas Breteau sold 52,349 shares of TP ICAP Group stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.32), for a total value of £134,536.93 ($173,551.25).

TP ICAP Group Stock Performance

LON:TCAP opened at GBX 234 ($3.02) on Friday. The stock’s fifty day moving average is GBX 264.34 and its 200 day moving average is GBX 254.84. The firm has a market capitalization of £1.76 billion, a PE ratio of 18.17, a PEG ratio of 0.49 and a beta of 0.65. TP ICAP Group PLC has a fifty-two week low of GBX 192 ($2.48) and a fifty-two week high of GBX 281 ($3.62).

TP ICAP Group (LON:TCAP) last issued its quarterly earnings results 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%. Equities analysts forecast that TP ICAP Group PLC will post 31.0273973 EPS for the current year.

TP ICAP Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 10th will be paid a GBX 11.30 ($0.15) dividend. 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 yield of 4.28%. TP ICAP Group’s dividend payout ratio (DPR) is presently 116.48%.

TP ICAP Group declared that its board has approved a share buyback program on Tuesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

About TP ICAP Group