IG Group Holdings ( (GB:IGG) ) just unveiled an update.
IG Group Holdings plc has announced the repurchase of 87,837 ordinary shares from Morgan Stanley & Co. International Plc, executed under instructions from January 2025. These shares are intended to be held in treasury, contributing to a total of 8,374,415 shares held in treasury. Since early February, the company has acquired 363,005 shares at a cost of approximately £3.68 million, a strategic move likely aimed at consolidating ownership and potentially enhancing shareholder value.
More about IG Group Holdings
IG Group Holdings plc operates within the financial services industry, focusing on providing online trading and investment services. The company is known for its platforms that allow for the trading of financial derivatives such as contracts for difference (CFDs) and spread betting, catering to both retail and institutional clients globally.
YTD Price Performance: 1.94%
Average Trading Volume: 936,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.51B
For detailed information about IGG stock, go to TipRanks’ Stock Analysis page.