TP ICAP Group (LON:TCAP) Receives “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of TP ICAP Group (LON:TCAP) in a research note published on Thursday, MarketBeat Ratings reports.

TP ICAP Group Stock Performance

Shares of TCAP opened at GBX 269.50 ($3.49) on Thursday. The company has a market capitalization of £2.03 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. TP ICAP Group has a fifty-two week low of GBX 192 ($2.49) and a fifty-two week high of GBX 277.50 ($3.60). The firm has a 50-day simple moving average of GBX 265.60 and a 200-day simple moving average of GBX 253.03.

TP ICAP Group (LON:TCAP) last announced its earnings results on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) earnings per share for the quarter. TP ICAP Group had a return on equity of 4.82% and a net margin of 4.54%. Equities research analysts forecast that TP ICAP Group will post 31.0273973 EPS for the current year.

TP ICAP Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 10th will be issued a GBX 11.30 ($0.15) dividend. This is a boost from TP ICAP Group’s previous dividend of $4.80. This represents a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, April 10th. TP ICAP Group’s dividend payout ratio (DPR) is currently 116.48%.

TP ICAP Group declared that its Board of Directors has authorized a share buyback program on Tuesday, March 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About TP ICAP Group