Home Capital Group (TSE:HCG) Shares Up 56.2%

Home Capital Group Inc. (TSE:HCGGet Rating) shot up 56.2% during mid-day trading on Monday . The stock traded as high as C$42.26 and last traded at C$42.25. 700,226 shares changed hands during mid-day trading, an increase of 201% from the average session volume of 232,598 shares. The stock had previously closed at C$27.05.

Analyst Ratings Changes

Several brokerages recently issued reports on HCG. BMO Capital Markets increased their price target on Home Capital Group from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, September 15th. Scotiabank raised their target price on Home Capital Group from C$35.00 to C$44.00 in a research note on Tuesday. Raymond James lowered their target price on Home Capital Group from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Royal Bank of Canada lowered their target price on Home Capital Group from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Finally, National Bank Financial downgraded Home Capital Group from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Thursday, August 4th. One 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$43.17.

Home Capital Group Stock Up 0.3 %

The firm has a 50 day moving average price of C$27.66 and a two-hundred day moving average price of C$27.51. The company has a market capitalization of C$1.61 billion and a price-to-earnings ratio of 11.19.

Home Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. Home Capital Group’s payout ratio is 15.75%.

Insider Transactions at Home Capital Group

In other news, Senior Officer John Hong sold 1,000 shares of the stock in a transaction dated Monday, September 26th. The shares were sold at an average price of C$27.19, for a total transaction of C$27,187.00. Following the transaction, the insider now owns 646 shares of the company’s stock, valued at C$17,562.80.

Home Capital Group Company Profile

(Get Rating)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

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