Insider Buying: 3i Group (LON:III) Insider Acquires 542 Shares of Stock

3i Group (LON:III) insider Peter McKellar purchased 542 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average price of GBX 3,113 ($40.04) per share, for a total transaction of £16,872.46 ($21,703.70).

3i Group Trading Down 5.8 %

LON:III opened at GBX 2,914 ($37.48) on Friday. 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 of GBX 3,018.50 and a 200-day moving average of GBX 2,780.14. The company has a market cap of £28.36 billion, a PE ratio of 633.48, a PEG ratio of -0.35 and a beta of 1.03. 3i Group has a one year low of GBX 1,858.50 ($23.91) and a one year high of GBX 3,180 ($40.91).

3i Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on III shares. Citigroup reiterated a “buy” rating and set a GBX 3,800 ($48.88) price target on shares of 3i Group in a report on Monday, July 15th. Morgan Stanley lowered shares of 3i Group to an “equal weight” rating and cut their price target for the stock from GBX 3,246 ($41.75) to GBX 3,192 ($41.06) in a report on Wednesday, July 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a report on Friday, June 28th. Finally, Barclays boosted their target price on shares of 3i Group from GBX 2,815 ($36.21) to GBX 3,050 ($39.23) and gave the company an “overweight” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, 3i Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,148 ($40.49).

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.