IG Group (LON:IGG) Stock Passes Above 200 Day Moving Average – Here’s What Happened

IG Group Holdings plc (LON:IGG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 957.69 ($11.92) and traded as high as GBX 1,001 ($12.46). IG Group shares last traded at GBX 994.25 ($12.38), with a volume of 2,980,865 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of IG Group in a report on Thursday, January 16th.

IG Group Stock Down 0.5 %

The stock has a fifty day moving average price of GBX 998.16 and a two-hundred day moving average price of GBX 957.69. The company has a market cap of £3.57 billion, a price-to-earnings ratio of 1,274.68, a P/E/G ratio of -1.44 and a beta of 0.55. The company has a quick ratio of 2.40, a current ratio of 2.31 and a debt-to-equity ratio of 17.04.

IG Group (LON:IGG) last released its quarterly earnings results on Thursday, January 23rd. The company reported GBX 55.30 ($0.69) EPS for the quarter. IG Group had a net margin of 32.24% and a return on equity of 15.76%. As a group, sell-side analysts expect that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 30th were given a GBX 13.86 ($0.17) dividend. The ex-dividend date was Thursday, January 30th. This represents a dividend yield of 1.37%. IG Group’s payout ratio is 5,897.44%.

Insider Buying and Selling

In related news, insider Clifford Abrahams purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of GBX 1,013 ($12.61) per share, with a total value of £50,650 ($63,068.11). Also, insider Marieke Flament acquired 5,335 shares of IG Group stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of GBX 937 ($11.67) per share, for a total transaction of £49,988.95 ($62,244.99). 4.44% of the stock is currently owned by company insiders.

IG Group Company Profile

IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a
robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades,
the Company has evolved its technology, risk management, financial products, content, and platforms to meet the
needs of its retail and institutional clients.