TP ICAP Group (LON:TCAP) Reaches New 52-Week High – Time to Buy?

Shares of TP ICAP Group PLC (LON:TCAP) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 281 ($3.64) and last traded at GBX 274.50 ($3.55), with a volume of 610839 shares changing hands. The stock had previously closed at GBX 272.50 ($3.53).

Analyst Upgrades and Downgrades

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

TP ICAP Group Price Performance

The company has a market cap of £2.03 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The stock has a fifty day moving average price of GBX 266.42 and a 200-day moving average price of GBX 254.23.

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 (EPS) for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. On average, equities analysts anticipate that TP ICAP Group PLC will post 31.0273973 earnings per share for the current year.

TP ICAP Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 10th will be given a dividend of GBX 11.30 ($0.15) per share. The ex-dividend date is Thursday, April 10th. This is an increase from TP ICAP Group’s previous dividend of $4.80. This represents a yield of 4.28%. TP ICAP Group’s payout ratio is presently 116.48%.

TP ICAP Group announced that its board has initiated a share repurchase program on Tuesday, March 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About TP ICAP Group