3i Group (LON:III) Downgraded by Morgan Stanley to “Equal Weight”

Morgan Stanley downgraded shares of 3i Group (LON:III) to an equal weight rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has GBX 3,192 ($40.37) price target on the stock, down from their previous price target of GBX 3,246 ($41.06).

A number of other equities research analysts have also weighed in on III. JPMorgan Chase & Co. restated an overweight rating on shares of 3i Group in a report on Friday, June 28th. Barclays increased their price objective on shares of 3i Group from GBX 2,815 ($35.61) to GBX 3,050 ($38.58) and gave the company an overweight rating in a research note on Friday, May 3rd.

3i Group Trading Up 0.9 %

III opened at GBX 3,035 ($38.39) on Wednesday. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.48 and a quick ratio of 0.09. 3i Group has a fifty-two week low of GBX 1,843.50 ($23.32) and a fifty-two week high of GBX 3,180 ($40.22). The firm has a market capitalization of £29.54 billion, a PE ratio of 653.91, a P/E/G ratio of -0.35 and a beta of 1.03. The company’s 50-day moving average is GBX 2,965.50 and its 200 day moving average is GBX 2,677.67.

3i Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 26th. Shareholders of record on Thursday, June 20th will be paid 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 yield of 1.16%. 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 23,027 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of GBX 2,903 ($36.72), for a total value of £668,473.81 ($845,527.21). In other news, insider James Hatchley sold 23,027 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of GBX 2,903 ($36.72), for a total transaction of £668,473.81 ($845,527.21). Also, insider Alexandra Schaapveld bought 7,100 shares of 3i Group stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of GBX 2,821 ($35.68) per share, with a total value of £200,291 ($253,340.50). In the last 90 days, insiders bought 7,875 shares of company stock worth $22,368,830. Insiders own 3.39% of the company’s stock.

3i Group Company Profile

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.