IG Group Holdings plc (LON:IGG) Insider Purchases £366,400 in Stock

IG Group Holdings plc (LON:IGG - Get Free Report) insider Breon Corcoran acquired 40,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of GBX 916 ($12.23) per share, with a total value of £366,400 ($489,054.99).

IG Group Stock Performance

IG Group stock traded up GBX 2 ($0.03) during midday trading on Monday, reaching GBX 914.50 ($12.21). 870,846 shares of the stock traded hands, compared to its average volume of 1,885,947. The company has a current ratio of 2.31, a quick ratio of 2.40 and a debt-to-equity ratio of 17.04. The firm has a fifty day moving average price of GBX 933.06 and a two-hundred day moving average price of GBX 829.26. The firm has a market cap of £3.30 billion, a price-to-earnings ratio of 1,172.44, a PEG ratio of -1.44 and a beta of 0.55. IG Group Holdings plc has a fifty-two week low of GBX 600.50 ($8.02) and a fifty-two week high of GBX 995.25 ($13.28).

IG Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a GBX 32.64 ($0.44) dividend. This is a positive change from IG Group's previous dividend of $13.56. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, September 19th. IG Group's dividend payout ratio is currently 5,897.44%.

Analysts Set New Price Targets

IGG has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of IG Group from GBX 1,000 ($13.35) to GBX 1,100 ($14.68) and gave the company an "outperform" rating in a research report on Thursday, August 1st. Shore Capital reissued a "buy" rating on shares of IG Group in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,065 ($14.22) target price on shares of IG Group in a research note on Wednesday, August 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 986.75 ($13.17).

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.