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

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

TP ICAP Group Price Performance

TCAP stock opened at GBX 269.50 ($3.48) on Thursday. The stock has a market capitalization of £2.03 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The company’s 50-day moving average is GBX 265.81 and its 200-day moving average is GBX 253.25. TP ICAP Group has a 1 year low of GBX 192 ($2.48) and a 1 year high of GBX 277.50 ($3.58).

TP ICAP Group (LON:TCAP) last announced its quarterly 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 net margin of 4.54% and a return on equity of 4.82%. On average, analysts anticipate that TP ICAP Group will post 31.0273973 earnings per share for the current fiscal year.

TP ICAP Group Increases Dividend

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

TP ICAP Group announced that its board has approved a stock buyback plan on Tuesday, March 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

TP ICAP Group Company Profile