IG Group Holdings plc (LON:IGG) Declares Dividend of GBX 32.64

IG Group Holdings plc (LON:IGG) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be paid a dividend of GBX 32.64 ($0.42) 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 Up 0.6 %

IG Group stock opened at GBX 906.50 ($11.72) on Friday. The firm has a market capitalization of £3.38 billion, a price-to-earnings ratio of 1,228.38, a price-to-earnings-growth ratio of -1.44 and a beta of 0.52. IG Group has a fifty-two week low of GBX 600.50 ($7.77) and a fifty-two week high of GBX 914.50 ($11.83). The stock’s fifty day moving average is GBX 819.91 and its two-hundred day moving average is GBX 761.20. The company has a debt-to-equity ratio of 17.18, a quick ratio of 2.40 and a current ratio of 2.25.

Analyst Ratings Changes

Several research analysts recently issued reports on IGG shares. Royal Bank of Canada lifted their price objective on IG Group from GBX 950 ($12.29) to GBX 1,000 ($12.93) and gave the stock an “outperform” rating in a research report on Friday, May 31st. Shore Capital reissued a “buy” rating on shares of IG Group in a report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 940.50 ($12.16).

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.