Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 767 shares of the stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $47.68, for a total transaction of $36,570.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 47.64 on Monday. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $48.15. The company’s 50-day moving average is $44.11 and its 200-day moving average is $38.77. The firm has a market cap of $3.40 billion, a PE ratio of 46.52 and a beta of 0.95.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period last year, the firm posted $0.40 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Interactive Brokers Group, Inc. will post $1.56 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Interactive Brokers Group by 27.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 71.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Interactive Brokers Group during the first quarter valued at $224,000. Hartford Investment Management Co. acquired a new position in shares of Interactive Brokers Group during the second quarter valued at $239,000. Finally, Shelton Capital Management acquired a new position in shares of Interactive Brokers Group during the second quarter valued at $253,000. 15.01% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on IBKR. BidaskClub upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, September 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $40.33.

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.

Insider Buying and Selling by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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