GFI Group Inc. Declares Quarterly Dividend of $0.05 (GFIG)

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GFI Group (NASDAQ:GFIG) declared a quarterly dividend on Tuesday, April 29th, American Banking & Market News reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.05 per share on Friday, May 30th. This represents a $0.20 dividend on an annualized basis and a yield of 5.45%.

A number of analysts have recently weighed in on GFIG shares. Analysts at Keefe, Bruyette & Woods cut their price target on shares of GFI Group from $5.00 to $4.50 in a research note on Thursday, April 10th. On a related note, analysts at Zacks upgraded shares of GFI Group from an “underperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $3.60 price target on the stock. Finally, analysts at Zacks downgraded shares of GFI Group from a “neutral” rating to an “underperform” rating in a research note on Monday, February 17th. They now have a $3.70 price target on the stock.

GFI Group (NASDAQ:GFIG) traded up 1.66% during mid-day trading on Tuesday, hitting $3.67. 300,006 shares of the company’s stock traded hands. GFI Group has a 1-year low of $3.16 and a 1-year high of $4.58. The stock’s 50-day moving average is $3.68 and its 200-day moving average is $3.73. The company’s market cap is $453.9 million.

GFI Group (NASDAQ:GFIG) last announced its earnings results on Tuesday, April 29th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $240.70 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that GFI Group will post $0.15 earnings per share for the current fiscal year.

GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.

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