IG Group Holdings plc (LON:IGG) Declares Dividend Increase – GBX 32.64 Per Share

IG Group Holdings plc (LON:IGG) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be paid a dividend of GBX 32.64 ($0.43) per share on Thursday, October 17th. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, September 19th. This is an increase from IG Group’s previous dividend of $13.56. The official announcement can be viewed at this link.

IG Group Trading Down 0.1 %

Shares of IGG opened at GBX 964.50 ($12.74) on Tuesday. The stock’s 50-day moving average is GBX 925.44 and its two-hundred day moving average is GBX 821.72. The stock has a market cap of £3.48 billion, a PE ratio of 1,234.29, a P/E/G ratio of -1.44 and a beta of 0.55. IG Group has a 12 month low of GBX 600.50 ($7.93) and a 12 month high of GBX 995.25 ($13.15). The company has a debt-to-equity ratio of 17.04, a current ratio of 2.31 and a quick ratio of 2.40.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IGG shares. Shore Capital restated a “buy” rating on shares of IG Group in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price target on IG Group from GBX 1,000 ($13.21) to GBX 1,100 ($14.53) and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,065 ($14.07) price target on shares of IG Group in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, IG Group presently has an average rating of “Buy” and an average price target of GBX 986.75 ($13.04).

Insider Buying and Selling

In other IG Group news, insider Charlie Rozes sold 23,088 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of GBX 910 ($12.02), for a total transaction of £210,100.80 ($277,543.99). Insiders own 4.39% of the company’s stock.

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.