London Stock Exchange Group (LON:LSEG) Shares Down 5.3% – Here’s Why

Shares of London Stock Exchange Group plc (LON:LSEG) dropped 5.3% during trading on Friday . The company traded as low as £111.90 ($144.35) and last traded at £111.90 ($144.35). Approximately 134,876,219 shares changed hands during mid-day trading, an increase of 1,489% from the average daily volume of 8,487,025 shares. The stock had previously closed at £118.15 ($152.41).

Analyst Ratings Changes

Separately, Royal Bank of Canada upped their price objective on shares of London Stock Exchange Group from £116 ($149.64) to £125 ($161.25) and gave the company an “outperform” rating in a research report on Thursday, February 20th.

London Stock Exchange Group Price Performance

The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. The business’s 50-day moving average price is £114.84 and its two-hundred day moving average price is £111.34. The firm has a market cap of £59.24 billion, a price-to-earnings ratio of 87.76, a P/E/G ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 363.50 ($4.69) EPS for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. On average, research analysts forecast that London Stock Exchange Group plc will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 17th will be paid a GBX 89 ($1.15) dividend. This represents a yield of 0.82%. This is an increase from London Stock Exchange Group’s previous dividend of $41.00. The ex-dividend date of this dividend is Thursday, April 17th. London Stock Exchange Group’s dividend payout ratio (DPR) is 94.11%.

Insider Activity at London Stock Exchange Group

In other London Stock Exchange Group news, insider David Schwimmer sold 4,577 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of £111.44 ($143.76), for a total transaction of £510,060.88 ($657,973.27). 5.64% of the stock is owned by corporate insiders.

London Stock Exchange Group Company Profile

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.

With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.

Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.

LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.