IG Group Holdings plc (IGG) to Issue Dividend of GBX 32.64 on October 17th

IG Group Holdings plc (LON:IGG) declared a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 32.64 ($0.43) per share on Thursday, October 17th. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, September 19th. This is an increase from IG Group’s previous dividend of $13.56. The official announcement can be viewed at this link.

IG Group Stock Performance

LON IGG opened at GBX 964.50 ($12.74) on Tuesday. IG Group has a fifty-two week low of GBX 600.50 ($7.93) and a fifty-two week high of GBX 995.25 ($13.15). The stock has a market cap of £3.48 billion, a price-to-earnings ratio of 1,234.29, a price-to-earnings-growth ratio of -1.44 and a beta of 0.55. The business has a fifty day moving average of GBX 925.44 and a 200-day moving average of GBX 821.72. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04.

Wall Street Analysts Forecast Growth

IGG has been the subject of a number of analyst reports. Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,065 ($14.07) price objective on shares of IG Group in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their price objective on IG Group from GBX 1,000 ($13.21) to GBX 1,100 ($14.53) and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 986.75 ($13.04).

Insider Activity

In other IG Group news, insider Charlie Rozes sold 23,088 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of GBX 910 ($12.02), for a total transaction of £210,100.80 ($277,543.99). Company insiders own 4.39% of the company’s stock.

IG Group Company Profile

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.