The latest update is out from IG Group Holdings ( (GB:IGG) ).
IG Group Holdings plc announced the purchase of 2,000 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. The shares will be held in treasury, increasing the total number of treasury shares to over 12 million. This move is part of a broader strategy, with the company having repurchased over 4 million shares since February 2025, reflecting a significant investment in its own stock. The buyback program underscores IG Group’s confidence in its financial health and market position, potentially benefiting shareholders by reducing the number of shares in circulation and possibly enhancing earnings per share.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
IG Group Holdings boasts a strong financial foundation with effective profitability and cash flow management. The stock is undervalued and offers a compelling dividend yield. Although short-term technical indicators suggest caution, strategic initiatives such as share buybacks and acquisitions bolster its long-term growth prospects. The primary concerns include recent revenue growth challenges and decreased free cash flow.
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. The company focuses on providing clients with access to a wide range of financial markets, including forex, indices, commodities, and cryptocurrencies.
YTD Price Performance: 0.81%
Average Trading Volume: 1,035,903
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.44B
Find detailed analytics on IGG stock on TipRanks’ Stock Analysis page.