Intermediate Capital Group (LON:ICG) Releases Earnings Results

Intermediate Capital Group (LON:ICG) announced its quarterly earnings data on Thursday. The company reported GBX 166.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Intermediate Capital Group had a return on equity of 18.00% and a net margin of 49.28%.The firm had revenue of GBX 103.60 billion for the quarter.

Here are the key takeaways from Intermediate Capital Group’s conference call:

• ICG delivered a strong FY 2026, with fundraising of $17 billion, Fee Earning AUM up 11% to $87 billion, FRE up 23% to GBP 350 million, and record group operating cash flow of GBP 861 million.
• Fundraising meaningfully beat expectations, led by a record year in real assets and strong closes across scaling strategies; the firm also highlighted its Amundi partnership as a long-term wealth-channel growth opportunity.
• Management emphasized strong investment performance and client demand, citing market-leading DPI in higher-return strategies, 83 new institutional LPs added during the year, and continued share gains across flagship and scaling platforms.
• ICG ended the year with a much stronger balance sheet, cutting net debt to GBP 113 million and maintaining GBP 1.5 billion of liquidity, while reiterating a capital allocation priority of the progressive dividend, reaching zero net debt, and then considering buybacks or other uses of capital.
• Outlook remains constructive but cautious, with management expecting FY 2027 fundraising to be lower than FY 2026 due to the cycle, while still seeing opportunities to deploy dry powder selectively amid a challenging macro and valuation backdrop.

Intermediate Capital Group Price Performance

Shares of ICG opened at GBX 1,884.63 on Friday. Intermediate Capital Group has a one year low of GBX 1,424.88 and a one year high of GBX 2,340. The company has a 50-day simple moving average of GBX 1,710.94 and a two-hundred day simple moving average of GBX 1,839.82. The firm has a market capitalization of £5.39 billion, a PE ratio of 9.26 and a beta of 1.40.

Insider Activity

In related news, insider David Bicarregui acquired 30,000 shares of the stock in a transaction on Tuesday, March 24th. The stock was acquired at an average cost of GBX 1,493 per share, for a total transaction of £447,900. Also, insider Matthew Lester acquired 504 shares of the stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of GBX 1,584 per share, with a total value of £7,983.36. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

ICG has been the subject of a number of analyst reports. Citigroup dropped their target price on shares of Intermediate Capital Group from GBX 2,550 to GBX 2,290 and set a “buy” rating for the company in a report on Tuesday, April 14th. Jefferies Financial Group dropped their target price on shares of Intermediate Capital Group from GBX 2,900 to GBX 2,500 and set a “buy” rating for the company in a report on Wednesday, May 13th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 2,150 target price on shares of Intermediate Capital Group in a report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Intermediate Capital Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,456.57.

Intermediate Capital Group Company Profile

ICG (LSE: ICG) is a global alternative asset manager with $127bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital.