Insider Selling: Interactive Brokers Group SVP Unloads 2,000 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $21.48, for a total value of $42,960.00. Following the completion of the sale, the senior vice president now directly owns 827,517 shares in the company, valued at approximately $17,775,065. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
IBKR has been the subject of a number of recent research reports. 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 Wednesday. Separately, analysts at TheStreet downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 23rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Interactive Brokers Group in a research note to investors on Wednesday, November 20th. They now have a $25.00 price target on the stock.
Interactive Brokers Group (NASDAQ:IBKR) traded up 0.95% on Wednesday, hitting $21.33. The stock had a trading volume of 519,801 shares. Interactive Brokers Group has a 52 week low of $13.72 and a 52 week high of $25.03. The stock’s 50-day moving average is $23.5 and its 200-day moving average is $20.37. The company has a market cap of $1.120 billion and a price-to-earnings ratio of 28.95.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.12. The company had revenue of $249.90 million for the quarter, compared to the consensus estimate of $294.93 million. During the same quarter last year, the company posted $0.19 earnings per share. Interactive Brokers Group’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that Interactive Brokers Group will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, February 26th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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