TP ICAP Group PLC (LON:TCAP – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as GBX 246 ($3.22) and last traded at GBX 240 ($3.14), with a volume of 74175664 shares trading hands. The stock had previously closed at GBX 239.88 ($3.14).
Wall Street Analyst Weigh In
TCAP has been the subject of several analyst reports. Canaccord Genuity Group increased their target price on shares of TP ICAP Group from GBX 256 ($3.35) to GBX 326 ($4.26) and gave the company a “buy” rating in a report on Monday, May 13th. Shore Capital reiterated a “buy” rating on shares of TP ICAP Group in a research note on Wednesday, August 7th.
View Our Latest Stock Analysis on TCAP
TP ICAP Group Stock Up 0.1 %
TP ICAP Group Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 4.80 ($0.06) per share. This represents a dividend yield of 2.27%. The ex-dividend date is Thursday, October 3rd. TP ICAP Group’s dividend payout ratio is currently 11,538.46%.
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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