IG Group Holdings ( (GB:IGG) ) has issued an announcement.
IG Group Holdings plc announced the recent purchase of 124,706 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. The company intends to hold these shares in treasury, which now totals 10,179,534 shares, while the total shares in issue, excluding treasury shares, stands at 351,378,334. This move is part of a broader strategy, as since February 2025, IG Group has repurchased over 2 million shares, indicating a significant investment in its own equity, which may impact shareholder value and market perception.
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: -4.97%
Average Trading Volume: 1,014,225
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.26B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.