3i Group (LON:III) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of 3i Group (LON:III) in a research note issued to investors on Friday morning, Marketbeat reports.

Separately, Barclays boosted their target price on shares of 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 Price Performance

Shares of III stock opened at GBX 3,066 ($38.89) on Friday. The stock has a 50 day moving average price of GBX 2,955.78 and a 200 day moving average price of GBX 2,662.20. 3i Group has a 52-week low of GBX 1,843.50 ($23.39) and a 52-week high of GBX 3,180 ($40.34). The company has a debt-to-equity ratio of 6.74, a quick ratio of 0.09 and a current ratio of 1.48. The firm has a market capitalization of £29.84 billion, a P/E ratio of 666.52, a P/E/G ratio of -0.35 and a beta of 1.03.

3i Group Increases Dividend

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

Insiders Place Their Bets

In related news, insider James Hatchley sold 23,027 shares of 3i Group stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of GBX 2,903 ($36.83), for a total value of £668,473.81 ($847,994.18). In other 3i Group news, insider James Hatchley sold 23,027 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of GBX 2,903 ($36.83), for a total transaction of £668,473.81 ($847,994.18). Also, insider Alexandra Schaapveld purchased 7,100 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of GBX 2,821 ($35.79) per share, with a total value of £200,291 ($254,079.67). Insiders have bought 7,875 shares of company stock worth $22,368,830 in the last ninety days. 3.39% of the stock is owned by company 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.