Interactive Brokers Group SVP Milan Galik Sells 1,800 Shares (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 1,800 shares of Interactive Brokers Group stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $23.27, for a total value of $41,886.00. Following the transaction, the senior vice president now directly owns 770,717 shares of the company’s stock, valued at approximately $17,934,585. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Interactive Brokers Group (NASDAQ:IBKR) opened at 23.57 on Wednesday. Interactive Brokers Group has a 52 week low of $15.90 and a 52 week high of $25.03. The stock’s 50-day moving average is $23.03 and its 200-day moving average is $22.72. The company has a market cap of $1.288 billion and a P/E ratio of 24.91. Interactive Brokers Group also saw a large decrease in short interest in the month of June. As of June 13th, there was short interest totalling 913,054 shares, a decrease of 18.6% from the May 30th total of 1,121,292 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 362,070 shares, the days-to-cover ratio is presently 2.5 days.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $355.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $1.19 earnings per share for the current fiscal year.
IBKR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Interactive Brokers Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $25.50 price target on the stock. Analysts at TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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