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 company traded as high as C$42.26 and last traded at C$42.25. 700,226 shares were traded 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 Upgrades and Downgrades

A number of brokerages have issued reports on HCG. National Bankshares cut shares of Home Capital Group from a “sector perform” rating to a “tender” rating and raised their target price for the stock from C$30.00 to C$44.00 in a report on Tuesday. Raymond James cut their price target on Home Capital Group from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. TD Securities set a C$43.00 price target on Home Capital Group and gave the company a “buy” rating in a report on Monday, September 19th. National Bank Financial cut Home Capital Group from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, August 4th. Finally, Royal Bank of Canada cut their price target on Home Capital Group from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.17.

Home Capital Group Stock Up 0.3 %

The firm has a market cap of C$1.61 billion and a price-to-earnings ratio of 11.19. The stock’s 50 day moving average is C$27.66 and its 200 day moving average is C$27.51.

Home Capital Group Dividend Announcement

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

Insider Activity at Home Capital Group

In related news, Senior Officer John Hong sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, 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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