IG Group Holdings plc (LON:IGG) Insider June Felix Purchases 7,800 Shares

IG Group Holdings plc (LON:IGG) insider June Felix acquired 7,800 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost of GBX 626 ($8.18) per share, with a total value of £48,828 ($63,802.43).

LON:IGG traded down GBX 1.60 ($0.02) during trading hours on Monday, hitting GBX 641 ($8.38). 915,035 shares of the company’s stock traded hands, compared to its average volume of 1,280,000. The firm has a market cap of $2.37 billion and a P/E ratio of 14.98. IG Group Holdings plc has a 52 week low of GBX 467.40 ($6.11) and a 52 week high of GBX 877 ($11.46). The business’s fifty day simple moving average is GBX 560.48 and its two-hundred day simple moving average is GBX 551.41. The company has a quick ratio of 3.76, a current ratio of 4.00 and a debt-to-equity ratio of 11.83.

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, September 26th will be paid a dividend of GBX 30.24 ($0.40) per share. This is a positive change from IG Group’s previous dividend of $12.96. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 5.25%. IG Group’s dividend payout ratio (DPR) is currently 1.00%.

Several equities research analysts recently issued reports on the company. Peel Hunt reissued a “buy” rating on shares of IG Group in a research note on Monday, September 16th. Numis Securities lowered IG Group to an “add” rating and set a GBX 657 ($8.58) price objective for the company. in a research note on Wednesday, June 12th. Barclays reissued an “overweight” rating and set a GBX 780 ($10.19) price objective on shares of IG Group in a research note on Friday. Shore Capital reissued a “buy” rating on shares of IG Group in a research note on Thursday. Finally, Liberum Capital reissued a “buy” rating and set a GBX 668 ($8.73) price objective (down previously from GBX 687 ($8.98)) on shares of IG Group in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 697 ($9.11).

IG Group Company Profile

IG Group Holdings plc provides leveraged derivatives and spread betting under the IG brand worldwide. Its CFDs (contracts for difference) are derivatives contracts that enable clients to take advantage of changes in an asset's price. The company also offers clients access to a range of risk-mitigation measures, including stops and limits and a limited risk account; and products, such as share dealing and investment portfolios, as well as enables clients to hold their investments in ISAs and SIPPs.

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