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IG Group Acquires Additional Shares to Boost Treasury Holdings

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IG Group Acquires Additional Shares to Boost Treasury Holdings

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The latest update is out from IG Group Holdings ( (GB:IGG) ).

IG Group Holdings plc has announced the purchase of 85,589 ordinary shares from Morgan Stanley & Co. International Plc, following instructions issued on 31 January 2025. The shares will be held in treasury, increasing their total treasury shares to 8,611,635. Since the beginning of February 2025, IG Group has acquired 600,225 shares at a cost of over £6 million. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.

More about IG Group Holdings

IG Group Holdings plc operates in the financial services industry, primarily focusing on providing online trading services. The company is known for offering a range of services including spread betting, contracts for difference (CFDs), and foreign exchange (forex) trading, targeting retail and institutional investors globally.

YTD Price Performance: 1.63%

Average Trading Volume: 983,602

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £3.52B

Learn more about IGG stock on TipRanks’ Stock Analysis page.

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