Interactive Brokers Group SVP Milan Galik Unloads 1,800 Shares (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 1,800 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $23.27, for a total transaction of $41,886.00. Following the transaction, the senior vice president now directly owns 768,917 shares of the company’s stock, valued at approximately $17,892,699. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on IBKR. 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 (NASDAQ:IBKR) traded up 0.68% on Wednesday, hitting $23.73. 451,926 shares of the company’s stock traded hands. 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 $1.297 billion and a price-to-earnings ratio of 25.21. Interactive Brokers Group also saw a significant decrease in short interest in 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. Based on an average daily trading volume, of 362,070 shares, the short-interest ratio is currently 2.5 days. Currently, 1.7% of the shares of the stock are sold short.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results 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 $1.18 earnings per share for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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