TP ICAP Group (LON:TCAP) Trading Down 0.2%

TP ICAP Group PLC (LON:TCAP) shares fell 0.2% during mid-day trading on Thursday . The company traded as low as GBX 198.78 ($2.46) and last traded at GBX 202 ($2.50). 2,916,559 shares changed hands during trading, an increase of 118% from the average session volume of 1,339,898 shares. The stock had previously closed at GBX 202.50 ($2.50).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of TP ICAP Group in a research note on Tuesday, March 12th.

TP ICAP Group Stock Down 0.2 %

The company has a debt-to-equity ratio of 138.55, a quick ratio of 0.97 and a current ratio of 1.29. The company has a fifty day moving average of GBX 206.28 and a two-hundred day moving average of GBX 190.10. The company has a market cap of £1.56 billion, a PE ratio of 2,238.89, a price-to-earnings-growth ratio of 0.49 and a beta of 0.63.

TP ICAP Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 11th will be issued a GBX 10 ($0.12) dividend. This represents a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from TP ICAP Group’s previous dividend of $4.80. TP ICAP Group’s dividend payout ratio (DPR) is 16,666.67%.

Insider Activity at TP ICAP Group

In other news, insider Nicolas Breteau sold 122,392 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of GBX 223 ($2.75), for a total value of £272,934.16 ($337,122.23). 0.57% of the stock is currently owned by insiders.

About TP ICAP Group

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.