Intermediate Capital Group (LON:ICG) Shares Up 1.4% – Here’s What Happened

Intermediate Capital Group plc (LON:ICG) rose 1.4% during mid-day trading on Friday . The company traded as high as GBX 2,112 ($25.70) and last traded at GBX 2,100 ($25.55). Approximately 873,950 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 749,680 shares. The stock had previously closed at GBX 2,072 ($25.21).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank began coverage on shares of Intermediate Capital Group in a research report on Wednesday, October 23rd. They set a “buy” rating and a GBX 2,600 ($31.63) target price on the stock.

Intermediate Capital Group Stock Performance

The company has a fifty day moving average of GBX 2,103.18 and a two-hundred day moving average of GBX 2,131.78. The company has a market cap of £6.10 billion, a price-to-earnings ratio of 1,312.50 and a beta of 1.97.

Intermediate Capital Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 5th were paid a GBX 26.30 ($0.32) dividend. This represents a dividend yield of 1.17%. The ex-dividend date was Thursday, December 5th. Intermediate Capital Group’s dividend payout ratio is currently 4,937.50%.

About Intermediate Capital Group

ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with a 35-year history, managing $106bn of assets* and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.

We develop long-term relationships with our business partners to deliver value for shareholders, clients, and employees, and use our position of influence to benefit the environment and society.