Insider Selling: Interactive Brokers Group SVP Sells 2,000 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $20.78, for a total value of $41,560.00. Following the completion of the transaction, the senior vice president now directly owns 763,604 shares of the company’s stock, valued at approximately $15,867,691. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.67.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 3.27% during mid-day trading on Friday, hitting $21.32. The stock had a trading volume of 296,383 shares. Interactive Brokers Group has a 52 week low of $13.48 and a 52 week high of $20.99. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $16.98. The company has a market cap of $1.065 billion and a P/E ratio of 23.95.
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. Analysts expect that Interactive Brokers Group will post $0.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders 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 1.94%. The ex-dividend date is Tuesday, November 26th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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