London, June 13, 2026, 23:03 BST
- ICG plc ended Friday at 1,779p, climbing 3.67%. That beat the FTSE 100, which rose 1.63%.
- ICG stock went ex-dividend June 11. Shareholders of record as of June 12 will get the regular dividend on July 31.
- ICG’s next set piece is set for July 15, with the company slated to release its Q1 trading statement and convene its AGM.
ICG plc jumped in London on Friday, ending the session at 1,779p, or £17.79, as UK stocks staged a broader rebound and financials gained ground. ICG finished ahead of the FTSE 100 and clawed back losses after its ex-dividend date, when the window for qualifying for the next payout closed for buyers. The stock is still well under its 52-week top of £23.40, keeping it in recovery mode rather than breaking out.
Dividend dates kept ICG in the spotlight. The group’s calendar lists June 11 as the ex-dividend date, June 12 for the record, and July 31 for the ordinary payout. May results showed a total ordinary dividend of 87p per share for FY26, up from 83p. That’s a 16th straight annual rise. It’s a clear cash event for income-focused holders, but the shares’ post-dividend trading hints at questions over earnings momentum and private-market exposure.
Another issue popped up in France tied to a single stock. Exail Technologies said it’s still in talks with ICG over refinancing and the two sides can’t agree on value. Exail’s independent valuation points to €580 million for the “ICG Exit” and about €130 million for minority shareholders, while ICG’s math lands closer to €1.1 billion—about €380 million higher. For ICG shareholders, a favorable outcome could mean a decent recovery, but right now the dispute clouds timing and puts negotiation risk front and center instead of offering earnings certainty. Exail Technologies
ICG’s latest full-year results give bulls more ammo. The firm posted $126 billion in AUM, with $87 billion of that generating fees. It brought in $17 billion in fundraising and has $36 billion in dry powder. Fee-related earnings jumped 23% to £350 million. “FY26 was a strong year for ICG,” Chief Executive and CIO Benoît Durteste said. ICG
Berenberg lowered its ICG target price to 2,670p from 2,800p on June 4, keeping a buy rating, Sharecast reported. The bank said the stock had faced pressure along with the sector. Berenberg still sees ICG gaining share in attractive market segments but the target cut shows analysts are adjusting assumptions after recent sector weakness. The bear case is private-capital managers stay exposed to market confidence, exit activity and fundraising cycles.
Valuation appears reasonable but still leaves room for risk. Hargreaves Lansdown put ICG’s market cap near £5.14 billion, with a price-to-earnings ratio at 10.29 and a dividend yield of 4.89%. According to Investor’s Chronicle, 13 analysts have a median 12-month target of 2,450p, compared to a close at 1,779p on Friday, but the lowest target is 1,700p, which doesn’t suggest gains for every view.
ICG’s next big event is on July 15, when it posts its Q1 trading update and holds its annual general meeting. Investors are focused on fundraising progress, fee-earning AUM growth, the pace of dry powder deployment, and possible cash from the Exail talks. The data so far suggests ICG is reasonably priced for those who like private markets and yield, but still carries risk for anyone needing short-term certainty—shares are well below last year’s peak, and alternative asset manager sentiment can swing fast.
