IG Group Holdings plc (LON:IGG) Insider Clifford Abrahams Buys 5,000 Shares

IG Group Holdings plc (LON:IGG) insider Clifford Abrahams bought 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of GBX 1,013 ($12.60) per share, for a total transaction of £50,650 ($63,013.19).

IG Group Stock Down 0.0 %

IG Group stock traded down GBX 0.44 ($0.01) during trading hours on Tuesday, hitting GBX 1,015.56 ($12.63). The stock had a trading volume of 2,116,002 shares, compared to its average volume of 1,250,088. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04. The stock has a market capitalization of £3.65 billion, a P/E ratio of 1,302.00, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. IG Group Holdings plc has a 12-month low of GBX 671 ($8.35) and a 12-month high of GBX 1,106 ($13.76). The stock’s 50-day moving average price is GBX 991.69 and its 200-day moving average price is GBX 952.22.

IG Group (LON:IGG) last issued its earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) earnings per share (EPS) for the quarter. IG Group had a net margin of 32.24% and a return on equity of 15.76%. Equities research analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current fiscal year.

IG Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be issued a dividend of GBX 13.86 ($0.17) per share. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 1.37%. IG Group’s payout ratio is 5,897.44%.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research note on Thursday, January 16th.

About IG Group

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.