TP ICAP Group PLC (LON:TCAP – Get Free Report) shares fell 0.2% during mid-day trading on Thursday . The company traded as low as GBX 198.78 ($2.46) and last traded at GBX 202 ($2.50). 2,916,559 shares changed hands during trading, an increase of 118% from the average session volume of 1,339,898 shares. The stock had previously closed at GBX 202.50 ($2.50).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a “buy” rating on shares of TP ICAP Group in a research note on Tuesday, March 12th.
Read Our Latest Research Report on TP ICAP Group
TP ICAP Group Stock Down 0.2 %
TP ICAP Group Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 11th will be issued a GBX 10 ($0.12) dividend. This represents a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from TP ICAP Group’s previous dividend of $4.80. TP ICAP Group’s dividend payout ratio (DPR) is 16,666.67%.
Insider Activity at TP ICAP Group
In other news, insider Nicolas Breteau sold 122,392 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of GBX 223 ($2.75), for a total value of £272,934.16 ($337,122.23). 0.57% of the stock is currently owned by insiders.
About TP ICAP Group
TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.
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