IG Group Holdings ( (GB:IGG) ) has provided an announcement.
IG Group Holdings plc has announced the purchase of 43,799 of its own ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously issued instruction. The shares were bought at a volume-weighted average price of 947.84 pence and will be held in treasury, increasing the total treasury shares to 10,596,862. This move is part of a larger buyback program initiated on 3 February 2025, which has seen the company repurchase 2,585,452 shares at a cost of £24,844,739.56. The ongoing buyback program is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading services. The company focuses on providing platforms for trading financial derivatives such as contracts for difference (CFDs) and spread betting, catering to a global market of retail and institutional investors.
YTD Price Performance: -2.61%
Average Trading Volume: 1,017,660
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.31B
For a thorough assessment of IGG stock, go to TipRanks’ Stock Analysis page.