Insider Selling: TP ICAP Group PLC (LON:TCAP) Insider Sells £134,536.93 in Stock

TP ICAP Group PLC (LON:TCAP) insider Nicolas Breteau sold 52,349 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 257 ($3.32), for a total transaction of £134,536.93 ($173,551.25).

TP ICAP Group Trading Down 7.5 %

TCAP opened at GBX 234 ($3.02) on Friday. TP ICAP Group PLC has a 12-month low of GBX 192 ($2.48) and a 12-month high of GBX 281 ($3.62). The firm has a 50 day moving average of GBX 264.34 and a two-hundred day moving average of GBX 254.84. The firm has a market capitalization of £1.76 billion, a PE ratio of 18.17, a P/E/G ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAP) last posted its quarterly earnings results on Wednesday, March 12th. The company reported GBX 31.80 ($0.41) EPS for the quarter. TP ICAP Group had a net margin of 4.54% and a return on equity of 4.82%. As a group, analysts predict that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

TP ICAP Group Increases Dividend

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

Wall Street Analyst Weigh In

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

TP ICAP Group Company Profile