Interactive Brokers Group SVP Sells $40,040 in Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 2,000 shares of the stock on the open market in a transaction dated Friday, October 25th. The shares were sold at an average price of $20.02, for a total transaction of $40,040.00. Following the sale, the senior vice president now directly owns 767,604 shares in the company, valued at approximately $15,367,432. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 1.68% during mid-day trading on Monday, hitting $20.54. 585,137 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 $17.92. The stock has a 50-day moving average of $17.03 and a 200-day moving average of $15.87. The company has a market cap of $1.026 billion and a price-to-earnings ratio of 23.43.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.07. The company had revenue of $326.00 million for the quarter, compared to the consensus estimate of $305.03 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $0.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, November 26th.
Separately, 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $16.67.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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