Insider Selling: Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells $34,981.20 in Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 790 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $44.28, for a total value of $34,981.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 45.04 on Monday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 43.98 and a beta of 0.95. Interactive Brokers Group, Inc. has a 12-month low of $31.97 and a 12-month high of $45.08. The stock has a 50 day moving average price of $41.44 and a 200-day moving average price of $37.48.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $387.00 million during the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities analysts forecast that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s payout ratio is 38.84%.
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Several analysts recently commented on IBKR shares. ValuEngine upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Zacks Investment Research raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research note on Thursday, July 6th. Finally, BidaskClub upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.
Several hedge funds and other institutional investors have recently made changes to their positions in IBKR. Public Employees Retirement System of Ohio boosted its position in Interactive Brokers Group by 17.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,342 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 4,260 shares during the period. Piedmont Investment Advisors LLC bought a new position in Interactive Brokers Group during the 2nd quarter worth $550,000. The Manufacturers Life Insurance Company grew its stake in Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after buying an additional 647 shares during the last quarter. Shelton Capital Management bought a new position in Interactive Brokers Group during the 2nd quarter worth $253,000. Finally, Western Standard LLC grew its stake in Interactive Brokers Group by 0.7% during the 2nd quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock worth $2,829,000 after buying an additional 500 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors and hedge funds.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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