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IG Group Expands Treasury Holdings with Share Buyback

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IG Group Expands Treasury Holdings with Share Buyback

The latest announcement is out from IG Group Holdings ( (GB:IGG) ).

IG Group Holdings plc announced the purchase of 21,497 of its ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. The shares will be held in treasury, increasing the total treasury shares to 10,850,679. This move reflects IG Group’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.

More about IG Group Holdings

IG Group Holdings plc operates in the financial services industry, specializing in online trading and investment services. The company provides platforms for trading financial derivatives such as contracts for difference (CFDs) and spread betting, catering primarily to retail and institutional investors.

YTD Price Performance: -2.00%

Average Trading Volume: 1,101,351

Technical Sentiment Signal: Strong Sell

Current Market Cap: £3.35B

See more insights into IGG stock on TipRanks’ Stock Analysis page.

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