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

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Ratings Changes

Separately, Barclays upped their price objective 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 report on Friday, May 3rd.

3i Group Stock Down 2.9 %

The company has a market cap of £29.19 billion, a price-to-earnings ratio of 651.96, a P/E/G ratio of -0.35 and a beta of 1.03. The company has a debt-to-equity ratio of 6.74, a current ratio of 1.48 and a quick ratio of 0.09. The firm has a 50-day moving average price of GBX 2,951.16 and a 200 day moving average price of GBX 2,657.28.

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 issued a GBX 34.50 ($0.44) dividend. This represents a yield of 1.16%. This is a positive change from 3i Group’s previous dividend of $26.50. The ex-dividend date of this dividend is Thursday, June 20th. 3i Group’s dividend payout ratio is currently 1,217.39%.

Insider Activity

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