Insider Selling: Interactive Brokers Group SVP Sells 2,000 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 2,000 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $19.14, for a total value of $38,280.00. Following the transaction, the senior vice president now directly owns 781,604 shares in the company, valued at approximately $14,959,901. The sale was disclosed in a document filed with the SEC, which is available at this link.
IBKR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Interactive Brokers Group 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 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 from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.67.
Interactive Brokers Group (NASDAQ:IBKR) traded down 0.94% on Tuesday, hitting $19.01. The stock had a trading volume of 463,304 shares. Interactive Brokers Group has a 52 week low of $13.48 and a 52 week high of $19.69. The stock’s 50-day moving average is $17.99 and its 200-day moving average is $16.37. The company has a market cap of $949.8 million and a price-to-earnings ratio of 23.84.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.17 earnings per share. Interactive Brokers Group’s revenue was up 8.8% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group will post $0.76 earnings per share for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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