Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells $76,172.58 in Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,683 shares of Interactive Brokers Group stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $45.26, for a total value of $76,172.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Interactive Brokers Group, Inc. (IBKR) traded up 1.66% during trading on Tuesday, reaching $47.18. 793,900 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $42.46 and its 200-day moving average price is $37.96. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 46.07 and a beta of 0.95. Interactive Brokers Group, Inc. has a 12 month low of $31.97 and a 12 month high of $47.38.
Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The business had revenue of $387.00 million for the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. Interactive Brokers Group’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post $1.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s payout ratio is presently 38.84%.
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Several institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Interactive Brokers Group by 1.2% in the first quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock valued at $3,694,000 after acquiring an additional 1,300 shares during the period. KCG Holdings Inc. increased its holdings in Interactive Brokers Group by 8.4% during the 1st quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 917 shares during the period. Baillie Gifford & Co. increased its holdings in Interactive Brokers Group by 3.8% during the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after acquiring an additional 215,591 shares during the period. Oakcliff Capital Partners LP bought a new stake in Interactive Brokers Group during the 1st quarter worth approximately $16,817,000. Finally, Quinn Opportunity Partners LLC lifted its stake in Interactive Brokers Group by 10.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock worth $14,252,000 after purchasing an additional 35,000 shares in the last quarter. 15.01% of the stock is currently owned by hedge funds and other institutional investors.
IBKR has been the topic of a number of analyst reports. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, September 19th. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Rosenblatt Securities started coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. SunTrust Banks, Inc. restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.00.
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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