IG Group Holdings ( (GB:IGG) ) has provided an announcement.
IG Group Holdings plc announced the purchase of 1,384 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a previously announced buyback program. The shares will be held in treasury, increasing the total treasury shares to 12,096,927, while the total shares in issue remain at 349,460,941. Since February 2025, IG Group has repurchased 4,085,517 shares, costing £38,823,537.30. This move reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:IGG Stock
According to Spark, TipRanks’ AI Analyst, GB:IGG is a Outperform.
IG Group Holdings shows a strong financial foundation with effective cost management and profitability. Despite facing recent revenue growth challenges, the company benefits from an undervaluation and strategic initiatives like share buybacks, which support its long-term growth prospects. However, potential liquidity issues and technical overbought conditions warrant 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, providing online trading and investment services. The company focuses on offering a range of financial products including spread betting, contracts for difference (CFDs), and foreign exchange trading to a global market.
YTD Price Performance: 4.19%
Average Trading Volume: 1,020,389
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.43B
See more insights into IGG stock on TipRanks’ Stock Analysis page.