IG Group Holdings plc (LON:IGG) Insider Breon Corcoran Purchases 40,000 Shares

IG Group Holdings plc (LON:IGG) insider Breon Corcoran purchased 40,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was bought at an average cost of GBX 916 ($12.27) per share, for a total transaction of £366,400 ($490,626.67).

IG Group Stock Down 0.1 %

IG Group stock opened at GBX 912 ($12.21) on Thursday. The company has a fifty day simple moving average of GBX 935.72 and a 200 day simple moving average of GBX 831.29. IG Group Holdings plc has a 1-year low of GBX 600.50 ($8.04) and a 1-year high of GBX 995.25 ($13.33). 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 company has a market cap of £3.29 billion, a P/E ratio of 1,169.23, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55.

IG Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,065 ($14.26) price target on shares of IG Group in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price objective on IG Group from GBX 1,000 ($13.39) to GBX 1,100 ($14.73) and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 986.75 ($13.21).

About IG Group

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.