TP ICAP Group (LON:TCAP) Sets New 52-Week High – Time to Buy?

TP ICAP Group PLC (LON:TCAP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 281 ($3.64) and last traded at GBX 274.50 ($3.55), with a volume of 610839 shares. The stock had previously closed at GBX 272.50 ($3.53).

Wall Street Analyst Weigh In

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

TP ICAP Group Price Performance

The firm has a fifty day moving average of GBX 266.33 and a 200 day moving average of GBX 253.84. The stock has a market capitalization of £2.06 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65.

TP ICAP Group (LON:TCAP) last issued its quarterly earnings data 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%. Research analysts predict that TP ICAP Group PLC will post 31.0273973 EPS for the current 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 issued a GBX 11.30 ($0.15) dividend. This is a boost 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 payout ratio is presently 116.48%.

TP ICAP Group announced that its board has initiated a stock repurchase program on Tuesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About TP ICAP Group