TP ICAP Group’s (TCAP) Buy Rating Reiterated at Shore Capital

Shore Capital reaffirmed their buy rating on shares of TP ICAP Group (LON:TCAP) in a research report released on Thursday morning, MarketBeat reports.

TP ICAP Group Price Performance

Shares of LON:TCAP opened at GBX 269.50 ($3.48) on Thursday. TP ICAP Group has a 12-month low of GBX 192 ($2.48) and a 12-month high of GBX 277.50 ($3.58). The stock has a market cap of £2.03 billion, a PE ratio of 20.93, a P/E/G ratio of 0.49 and a beta of 0.65. The business has a 50 day moving average of GBX 265.81 and a 200-day moving average of GBX 253.25.

TP ICAP Group (LON:TCAP) last issued its quarterly earnings results 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%. Equities research analysts expect that TP ICAP Group will post 31.0273973 earnings per share for the current year.

TP ICAP Group Increases Dividend

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

TP ICAP Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About TP ICAP Group