Insider Buying: IG Group Holdings plc (LON:IGG) Insider Purchases £50,650 in Stock

IG Group Holdings plc (LON:IGG) insider Clifford Abrahams purchased 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of GBX 1,013 ($12.60) per share, for a total transaction of £50,650 ($62,989.68).

IG Group Stock Performance

Shares of IG Group stock opened at GBX 1,023.73 ($12.73) on Friday. IG Group Holdings plc has a 52 week low of GBX 671 ($8.34) and a 52 week high of GBX 1,106 ($13.75). 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 stock has a market capitalization of £3.68 billion, a price-to-earnings ratio of 1,312.47, a PEG ratio of -1.44 and a beta of 0.55. The firm has a fifty day moving average of GBX 994.75 and a two-hundred day moving average of GBX 953.88.

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

IG Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 30th will be paid a dividend of GBX 13.86 ($0.17) per share. This represents a yield of 1.37%. The ex-dividend date of this dividend is Thursday, January 30th. IG Group’s payout ratio is 5,897.44%.

Analyst Ratings Changes

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

IG Group Company Profile

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.