TP ICAP Group (LON:TCAP) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

TP ICAP Group PLC (LON:TCAP)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 265.52 ($3.43) and traded as low as GBX 255.50 ($3.30). TP ICAP Group shares last traded at GBX 260 ($3.35), with a volume of 1,059,343 shares traded.

Wall Street Analysts Forecast Growth

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

TP ICAP Group Stock Performance

The company has a 50-day moving average of GBX 264.34 and a 200 day moving average of GBX 254.84. The firm has a market cap of £1.76 billion, a P/E ratio of 18.17, a P/E/G 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) 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%. Sell-side analysts anticipate that TP ICAP Group PLC will post 31.0273973 EPS for the current fiscal year.

TP ICAP Group Increases Dividend

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

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

Insider Activity

In related news, insider Nicolas Breteau sold 52,349 shares of the company’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). 0.57% of the stock is currently owned by corporate insiders.

About TP ICAP Group