Insider Selling: IG Group Holdings plc (LON:IGG) Insider Sells 23,088 Shares of Stock

IG Group Holdings plc (LON:IGG) insider Charlie Rozes sold 23,088 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of GBX 910 ($11.71), for a total transaction of £210,100.80 ($270,260.87).

IG Group Stock Performance

IGG traded up GBX 6.75 ($0.09) during trading on Tuesday, hitting GBX 946.25 ($12.17). The stock had a trading volume of 1,010,676 shares, compared to its average volume of 1,210,393. The firm has a market cap of £3.53 billion, a PE ratio of 1,276.35, a P/E/G ratio of -1.44 and a beta of 0.52. The company has a current ratio of 2.25, a quick ratio of 2.40 and a debt-to-equity ratio of 17.18. IG Group Holdings plc has a 12 month low of GBX 600.50 ($7.72) and a 12 month high of GBX 946.50 ($12.18). The company has a 50 day simple moving average of GBX 825.39 and a 200-day simple moving average of GBX 763.61.

IG Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be given a GBX 32.64 ($0.42) dividend. This is an increase from IG Group’s previous dividend of $13.56. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, September 19th. IG Group’s dividend payout ratio (DPR) is currently 6,216.22%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IGG shares. Royal Bank of Canada lifted their price target on IG Group from GBX 950 ($12.22) to GBX 1,000 ($12.86) and gave the company an “outperform” rating in a report on Friday, May 31st. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research report on Thursday, July 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, IG Group presently has an average rating of “Buy” and an average price target of GBX 940.50 ($12.10).

About IG Group

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.