IG Group Holdings plc (LON:IGG) declared a dividend on Tuesday, July 18th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 28th will be paid a dividend of GBX 22.88 ($0.30) per share on Friday, October 27th. This represents a yield of 3.54%. The ex-dividend date is Thursday, September 28th. This is a boost from IG Group Holdings plc’s previous dividend of $9.42. The official announcement can be seen at this link.
Shares of IG Group Holdings plc (LON IGG) traded down 1.08% on Friday, reaching GBX 642.00. The company had a trading volume of 472,834 shares. The firm’s market capitalization is GBX 2.35 billion. IG Group Holdings plc has a 1-year low of GBX 441.70 and a 1-year high of GBX 967.64. The firm has a 50-day moving average price of GBX 598.74 and a 200 day moving average price of GBX 553.11.
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In related news, insider Paul Mainwaring bought 286 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 628 ($8.18) per share, for a total transaction of £1,796.08 ($2,338.95).
A number of analysts recently weighed in on IGG shares. Shore Capital reaffirmed a “hold” rating on shares of IG Group Holdings plc in a research report on Tuesday, July 18th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 598 ($7.79) price target on shares of IG Group Holdings plc in a research report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 600 ($7.81) price target on shares of IG Group Holdings plc in a research report on Thursday, July 27th. Finally, Liberum Capital reissued an “under review” rating on shares of IG Group Holdings plc in a research report on Wednesday, May 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. IG Group Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 732.20 ($9.54).
IG Group Holdings plc Company Profile
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company’s segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking.
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