IG Group Holdings ( (GB:IGG) ) has provided an update.
IG Group Holdings plc announced the purchase of 392 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously announced buyback program. This transaction reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value, with a total of 4,082,133 shares purchased since February 2025 at a cost of £38,789,836.24.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
IG Group Holdings presents a strong financial foundation and is undervalued compared to peers, offering a compelling dividend yield. Despite recent revenue growth challenges and decreased free cash flow, the company’s strategic actions like share buybacks and acquisitions support future growth. The technical analysis shows potential downward pressure, which investors should monitor.
To see Spark’s full report on GB:IGG stock, click here.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading services and products. The company focuses on providing trading platforms for various financial markets, catering to retail and institutional clients globally.
YTD Price Performance: 0.81%
Average Trading Volume: 1,032,846
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.44B
See more data about IGG stock on TipRanks’ Stock Analysis page.