IG Group Holdings ( (GB:IGG) ) just unveiled an announcement.
IG Group Holdings plc announced the purchase of 57,498 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 number of treasury shares to 9,440,210. This move is part of a broader strategy, with IG Group having acquired a total of 1,428,800 shares since early February, reflecting a significant investment in its own equity. The buyback is intended to optimize capital structure and potentially enhance shareholder value.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading and investment services. The company focuses on providing access to financial markets for retail and institutional clients, leveraging technology to deliver a broad range of trading products and services.
YTD Price Performance: -3.43%
Average Trading Volume: 1,017,163
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.32B
See more insights into IGG stock on TipRanks’ Stock Analysis page.