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

Shares of TP ICAP Group PLC (LON:TCAP) fell 0.2% 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 traded hands during mid-day 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).

Wall Street Analyst Weigh In

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

TP ICAP Group Stock Performance

The stock has a market cap of £1.56 billion, a price-to-earnings ratio of 2,244.44, a PEG ratio of 0.49 and a beta of 0.63. 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’s 50 day simple moving average is GBX 205.84 and its 200 day simple moving average is GBX 189.82.

TP ICAP Group Increases Dividend

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

Insider Transactions at TP ICAP Group

In other news, insider Nicolas Breteau sold 122,392 shares of TP ICAP Group stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 223 ($2.75), for a total value of £272,934.16 ($337,122.23). Corporate insiders own 0.57% of the company’s stock.

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.