Insider Selling: Interactive Brokers Group SVP Unloads 2,000 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik unloaded 2,000 shares of Interactive Brokers Group stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $17.89, for a total value of $35,780.00. Following the completion of the sale, the senior vice president now directly owns 795,604 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Interactive Brokers Group (NASDAQ:IBKR) in a research note to investors on Friday, August 23rd. They now have a $18.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 18th. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Interactive Brokers Group (NASDAQ:IBKR) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, July 16th.
Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Interactive Brokers Group currently has an average rating of “Buy” and a consensus price target of $16.67.
Interactive Brokers Group (NASDAQ:IBKR) traded up 1.34% on Tuesday, hitting $18.11. 191,089 shares of the company’s stock traded hands. Interactive Brokers Group has a 1-year low of $13.48 and a 1-year high of $18.14. The stock’s 50-day moving average is $17.13 and its 200-day moving average is $15.94. The company has a market cap of $904.9 million and a P/E ratio of 22.20.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $284.00 million for the quarter, compared to the consensus estimate of $319.78 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts expect that Interactive Brokers Group will post $0.73 EPS for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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