Canaccord Genuity Group reaffirmed their sell rating on shares of CMC Markets (LON:CMCX – Free Report) in a report released on Tuesday, Marketbeat.com reports. The firm currently has a GBX 192 ($2.44) target price on the stock.
Separately, Shore Capital reiterated a hold rating on shares of CMC Markets in a report on Wednesday, March 27th.
Read Our Latest Analysis on CMCX
CMC Markets Stock Performance
CMC Markets Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, August 9th. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 7.30 ($0.09) per share. This is a positive change from CMC Markets’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, July 11th. This represents a yield of 2.6%. CMC Markets’s payout ratio is currently 12,500.00%.
Insider Activity
In related news, insider Albert Soleiman acquired 130 shares of the stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of GBX 232 ($2.95) per share, for a total transaction of £301.60 ($383.23). In other news, insider Albert Soleiman acquired 130 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were bought at an average price of GBX 232 ($2.95) per share, with a total value of £301.60 ($383.23). Also, insider David Fineberg acquired 114 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average price of GBX 263 ($3.34) per share, with a total value of £299.82 ($380.97). Over the last ninety days, insiders have acquired 354 shares of company stock valued at $90,392. 64.85% of the stock is owned by insiders.
About CMC Markets
CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.
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