3i Group (LON:III) Hits New 12-Month High at $2,993.00

3i Group (LON:III)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,993 ($38.04) and last traded at GBX 2,986 ($37.95), with a volume of 3256176 shares. The stock had previously closed at GBX 2,977 ($37.84).

Wall Street Analyst Weigh In

Separately, Barclays raised their price objective on 3i Group from GBX 2,815 ($35.78) to GBX 3,050 ($38.76) and gave the company an “overweight” rating in a report on Friday, May 3rd.

3i Group Trading Up 1.1 %

The company has a market cap of £28.51 billion, a price-to-earnings ratio of 630.00, a P/E/G ratio of -0.35 and a beta of 1.03. The firm has a fifty day moving average price of GBX 2,823.84 and a 200 day moving average price of GBX 2,507.72. The company has a debt-to-equity ratio of 6.74, a quick ratio of 0.09 and a current ratio of 1.48.

3i Group Increases Dividend

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

Insider Activity

In other 3i Group news, insider Alexandra Schaapveld purchased 7,100 shares of 3i Group stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of GBX 2,821 ($35.85) per share, for a total transaction of £200,291 ($254,564.06). In the last ninety days, insiders have bought 7,111 shares of company stock valued at $20,058,058. 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.