IG Group Holdings plc (LON:IGG) Insider June Felix Purchases 2,101 Shares

IG Group Holdings plc (LON:IGG – Get Rating) insider June Felix acquired 2,101 shares of IG Group stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average cost of GBX 707 ($8.62) per share, with a total value of £14,854.07 ($18,103.68).

IG Group Stock Down 0.3 %

Shares of IG Group stock opened at GBX 693.50 ($8.45) on Friday. The business’s 50 day simple moving average is GBX 793.73 and its 200 day simple moving average is GBX 791.44. IG Group Holdings plc has a 52-week low of GBX 646.75 ($7.88) and a 52-week high of GBX 851 ($10.37). The firm has a market cap of £2.87 billion, a PE ratio of 770.56, a P/E/G ratio of -1.44 and a beta of 0.48. The company has a debt-to-equity ratio of 15.89, a quick ratio of 2.40 and a current ratio of 2.29.

IG Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 3rd. Investors of record on Thursday, February 2nd were given a GBX 13.26 ($0.16) dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 2nd. IG Group’s dividend payout ratio is presently 5,000.00%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,100 ($13.41) target price on shares of IG Group in a research report on Friday, January 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,000 ($12.19) price objective on shares of IG Group in a research note on Monday, February 6th. Shore Capital restated a “buy” rating on shares of IG Group in a research note on Wednesday. Finally, Barclays restated an “overweight” rating and issued a GBX 1,210 ($14.75) target price on shares of IG Group in a research note on Friday, January 27th.

About IG Group

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IG Group Holdings plc engages in the online trading business worldwide. The company offers over-the-counter (OTC) leveraged 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 spread bets and options.