IG Group Holdings plc (LON:IGG – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 962.11 ($12.79) and traded as high as GBX 1,033 ($13.73). IG Group shares last traded at GBX 1,031 ($13.71), with a volume of 464,219 shares.
Analyst Ratings Changes
Separately, Shore Capital restated a “buy” rating on shares of IG Group in a research report on Thursday, March 13th.
IG Group Trading Up 0.3 %
IG Group (LON:IGG – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.74) earnings per share for the quarter. IG Group had a net margin of 58.42% and a return on equity of 30.53%. On average, analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current year.
IG Group Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 30th were paid a dividend of GBX 13.86 ($0.18) per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a dividend yield of 1.37%. IG Group’s payout ratio is presently 30.68%.
Insider Activity
In other news, insider Clifford Abrahams acquired 5,000 shares of IG Group stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of GBX 1,013 ($13.47) per share, for a total transaction of £50,650 ($67,344.77). 4.44% of the stock is owned by corporate insiders.
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.
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