IG Group Holdings ( (GB:IGG) ) has issued an update.
IG Group Holdings plc announced the purchase of 2,000 ordinary shares from Morgan Stanley & Co. International Plc, with the highest price paid per share being 1,107.00 pence and the lowest at 1,098.00 pence. The company plans to hold these shares in treasury, bringing its total treasury shares to 12,124,927, while maintaining 349,432,941 ordinary shares in issue. Since February 2025, IG Group has acquired a total of 4,113,517 shares at a cost of £39,119,917.10, reflecting its ongoing strategy to manage its share capital effectively.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
IG Group Holdings is well-positioned in the capital markets industry with strong profitability, solid cash flow generation, and strategic initiatives like share buybacks. The company is undervalued with a compelling dividend yield. However, technical indicators suggest caution, and recent revenue growth challenges need attention. Overall, the stock presents a balanced investment opportunity with both strengths and areas for careful monitoring.
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 and investment services. The company focuses on providing clients with access to financial markets, including forex, indices, commodities, and cryptocurrencies, through its trading platforms.
Average Trading Volume: 972,616
Technical Sentiment Signal: Buy
Current Market Cap: £3.84B
Learn more about IGG stock on TipRanks’ Stock Analysis page.