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

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

IG Group Price Performance

LON IGG traded down GBX 0.44 ($0.01) 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 firm has a 50-day moving average of GBX 991.69 and a 200-day moving average of GBX 952.22. The company has a debt-to-equity ratio of 17.04, a quick ratio of 2.40 and a current ratio of 2.31. The company has a market capitalization of £3.65 billion, a price-to-earnings 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 52-week low of GBX 671 ($8.35) and a 52-week high of GBX 1,106 ($13.76).

IG Group (LON:IGG) last posted its quarterly earnings data on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) earnings per share for the quarter. IG Group had a net margin of 32.24% and a return on equity of 15.76%. Equities analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current 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 given a dividend of GBX 13.86 ($0.17) per share. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, January 30th. IG Group’s dividend payout ratio (DPR) is currently 5,897.44%.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of IG Group in a report 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.