IG Group Holdings ( (GB:IGG) ) has shared an update.
IG Group Holdings plc announced the purchase of 90,669 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. The company intends to hold these shares in treasury, increasing its treasury holdings to 9,296,518 shares, while the total number of shares in issue remains at 352,261,350. This move is part of a broader strategy that has seen IG Group repurchase over 1.28 million shares since early February, reflecting a significant investment in its own equity, which may impact shareholder value and market perception.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading services and products. The company focuses on providing trading platforms for retail and institutional investors, enabling them to trade a wide range of financial instruments.
YTD Price Performance: -2.56%
Average Trading Volume: 1,024,877
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.35B
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