IG Group Holdings (IGG)

Sector:

Financials

Index:

FTSE 250

729.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 778.00
  • 52 Week Low: 611.00
  • Currency: UK Pounds
  • Shares Issued: 375.38m
  • Volume: 102,899
  • Market Cap: £2,736.55m
  • RiskGrade: 149

IG Group under the cosh as Q3 revenue falls

By Michele Maatouk

Date: Wednesday 15 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Online trading platform IG Group was under the cosh on Wednesday as it posted a decline in third-quarter revenues, but said FY23 revenue and profit were set to be in line with current market expectations.
Group revenues fell 7% on the same period a year earlier to £293.3m, while active client numbers slipped 5% to 335,400 amid quieter market conditions and lower market volatility.

Revenue for OTC derivatives fell 18% to £179.4m, while exchange traded derivatives revenues rose 65% to £52m. Revenue from stock trading and investments was up 19% at £7.9m.

"Q3 FY23 was a quieter quarter in the market, particularly in December, with lower market volatility than in recent periods, and in Q3 FY22," IG said. "The benefit of our diversification strategy is becoming increasingly evident, with our exchange traded derivatives business posting strong growth in both Europe and the US."

The company said it expects FY23 revenue and pre-tax profit to be in line with current market expectations, and backed its medium-term revenue and profit margin guidance.

At 0920 GMT, the shares were down 7% at 717.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IGG Market Data

Currency UK Pounds
Share Price 729.00p
Change Today 2.00p
% Change 0.28 %
52 Week High 778.00
52 Week Low 611.00
Volume 102,899
Shares Issued 375.38m
Market Cap £2,736.55m
RiskGrade 149

IGG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average
52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average52.38% above the sector average
Price Trend
41.94% above the market average41.94% above the market average41.94% above the market average41.94% above the market average41.94% above the market average
32.76% above the sector average32.76% above the sector average32.76% above the sector average32.76% above the sector average32.76% above the sector average
Income
75.00% above the market average75.00% above the market average75.00% above the market average75.00% above the market average75.00% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
59.86% below the market average59.86% below the market average59.86% below the market average59.86% below the market average59.86% below the market average
30.84% below the sector average30.84% below the sector average30.84% below the sector average30.84% below the sector average30.84% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IGG Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Feb-24 21-Sep-23
Paid 01-Mar-24 19-Oct-23
Amount 13.56p 31.94p

Trades for 28-Mar-2024

Time Volume / Share Price
11:18 317 @ 729.00p
11:18 60 @ 729.00p
11:18 334 @ 729.00p
11:16 15,000 @ 728.14p
11:16 2,801 @ 728.75p

IGG Key Personnel

Chair Robert Michael McTighe
CFO Charlie Rozes
CEO Breon Corcoran

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