3i Group (LON:III) Share Price Crosses Above Two Hundred Day Moving Average of $2,651.83

Shares of 3i Group (LON:III) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,651.83 ($33.64) and traded as high as GBX 3,116 ($39.53). 3i Group shares last traded at GBX 3,110 ($39.45), with a volume of 2,066,255 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on 3i Group from GBX 2,815 ($35.71) to GBX 3,050 ($38.69) and gave the company an “overweight” rating in a research note on Friday, May 3rd.

3i Group Trading Up 0.1 %

The business has a 50 day simple moving average of GBX 2,943.12 and a two-hundred day simple moving average of GBX 2,651.83. The company has a current ratio of 1.48, a quick ratio of 0.09 and a debt-to-equity ratio of 6.74. The stock has a market cap of £30.31 billion, a price-to-earnings ratio of 676.09, a price-to-earnings-growth ratio of -0.35 and a beta of 1.03.

3i Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be paid a dividend of GBX 34.50 ($0.44) per share. This represents a yield of 1.16%. The ex-dividend date is Thursday, June 20th. This is a positive change from 3i Group’s previous dividend of $26.50. 3i Group’s dividend payout ratio (DPR) is 1,217.39%.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider James Hatchley sold 5,143 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 2,931 ($37.18), for a total transaction of £150,741.33 ($191,223.30). In other news, insider James Hatchley sold 5,143 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of GBX 2,931 ($37.18), for a total transaction of £150,741.33 ($191,223.30). Also, insider Alexandra Schaapveld bought 7,100 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of GBX 2,821 ($35.79) per share, for a total transaction of £200,291 ($254,079.67). 3.39% of the stock is owned by insiders.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.