London Stock Exchange Group (LON:LSEG) Shares Down 5.3% – What’s Next?

London Stock Exchange Group plc (LON:LSEG) was down 5.3% on Friday . The company traded as low as £111.90 ($144.29) and last traded at £111.90 ($144.29). Approximately 134,876,219 shares traded hands during mid-day trading, an increase of 1,489% from the average daily volume of 8,487,025 shares. The stock had previously closed at £118.15 ($152.35).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price objective on shares of London Stock Exchange Group from £116 ($149.58) to £125 ($161.19) and gave the company an “outperform” rating in a research report on Thursday, February 20th.

London Stock Exchange Group Price Performance

The company has a market cap of £59.24 billion, a price-to-earnings ratio of 87.76, a P/E/G ratio of 1.72 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. The business has a 50-day moving average price of £114.84 and a 200 day moving average price of £111.38.

London Stock Exchange Group (LON:LSEG) last released its quarterly earnings results on Thursday, February 27th. The company reported GBX 363.50 ($4.69) earnings per share for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. As a group, research analysts expect that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 17th will be given a GBX 89 ($1.15) dividend. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from London Stock Exchange Group’s previous dividend of $41.00. London Stock Exchange Group’s dividend payout ratio is 94.11%.

Insiders Place Their Bets

In related news, insider David Schwimmer sold 4,577 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of £111.44 ($143.70), for a total transaction of £510,060.88 ($657,718.74). Corporate insiders own 5.64% of the company’s stock.

About London Stock Exchange Group

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.

With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.

Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.

LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.