Intermediate Capital Group (LON:ICG) Releases Quarterly Earnings Results

Intermediate Capital Group (LON:ICG) posted its quarterly earnings results on Thursday. The company reported GBX 166.80 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 103.60 billion during the quarter. Intermediate Capital Group had a net margin of 53.05% and a return on equity of 23.35%.

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

Intermediate Capital Group stock opened at GBX 1,892 on Thursday. The stock has a market cap of £5.41 billion, a PE ratio of 9.29 and a beta of 1.40. The stock’s fifty day moving average is GBX 1,697.99 and its two-hundred day moving average is GBX 1,839.89. Intermediate Capital Group has a 1-year low of GBX 1,424.88 and a 1-year high of GBX 2,340.

Analyst Ratings Changes

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

Insider Activity

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

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.