Insider Selling: Interactive Brokers Group Chairman Sells 15,475 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) Chairman Earl H. Nemser sold 15,475 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $20.89, for a total transaction of $323,272.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Investors 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 1.90%. The ex-dividend date is Wednesday, February 26th.
A number of analysts have recently weighed in on IBKR shares. 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, January 29th. 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, Inc (NASDAQ:IBKR) is a holding company.
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