Intermediate Capital Group (ICG)

Sector:

Financials

Index:

FTSE 100

2,118.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 2,394.00p
  • 52 Week Low: 1,255.50p
  • Currency: UK Pounds
  • Shares Issued: 294.37m
  • Volume: 31,538
  • Market Cap: £6,235m

Intermediate Capital sees annual profits jump 132%

By Benjamin Chiou

Date: Tuesday 28 May 2024

LONDON (ShareCast) - (Sharecast News) - Investment firm Intermediate Capital Group (ICG) more than doubled profits in the year ended 31 March as it reported a huge increase in performance fee income, while assets under management rose by nearly a quarter.
Group profit before tax totalled £258.1m, up 132% on the year before. Management fee income increased 5% to £505.4m, topping half a billion pounds for the first time, with performance fee income soaring 276% to £73.7m.

Meanwhile, assets under management (AUM) rose 23% to $98.4bn, with fee-earning AUM rising 11% to $69.7bn. By the end of the period, ICG had $26.3bn of AUM available to deploy in new investments, of which $16.3bn was not yet earning fees.

The company raised $13bn during the year, ahead of its fundraising guidance, with the company now targeting "at least" $55bn in fundraising over the next four years in aggregate.

Chief executive Benoît Durteste said the past 12 months were characterised by a "challenging environment" with buyout volumes falling for the second straight year.

"The investment performance of our products has delivered significant value and as a firm we have scaled and broadened our capabilities and our platform - all of which positions us well to capture future growth opportunities," he said.

The company lifted its total dividend by 2% to 79p per share.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ICG Market Data

Currency UK Pounds
Share Price 2,118.00p
Change Today -20.00p
% Change -0.94 %
52 Week High 2,394.00p
52 Week Low 1,255.50p
Volume 31,538
Shares Issued 294.37m
Market Cap £6,235m

ICG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.79% below the market average52.79% below the market average52.79% below the market average52.79% below the market average52.79% below the market average
69.64% below the sector average69.64% below the sector average69.64% below the sector average69.64% below the sector average69.64% below the sector average
Price Trend
89.21% above the market average89.21% above the market average89.21% above the market average89.21% above the market average89.21% above the market average
84.48% above the sector average84.48% above the sector average84.48% above the sector average84.48% above the sector average84.48% above the sector average
Income
28.93% above the market average28.93% above the market average28.93% above the market average28.93% above the market average28.93% above the market average
8.82% above the sector average8.82% above the sector average8.82% above the sector average8.82% above the sector average8.82% above the sector average
Growth
64.58% above the market average64.58% above the market average64.58% above the market average64.58% above the market average64.58% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average

ICG Dividends

  Latest Previous
  Final Interim
Ex-Div 13-Jun-24 07-Dec-23
Paid 02-Aug-24 08-Jan-24
Amount 53.20p 25.80p

Trades for 23-Jul-2024

Time Volume / Share Price
09:06 147 @ 2,118.00p
09:06 264 @ 2,118.00p
09:05 246 @ 2,118.00p
09:05 247 @ 2,118.00p
09:05 28 @ 2,118.00p

ICG Key Personnel

CEO Benoit Durteste
Chair William Rucker

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