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 that occurred on Monday, July 14th. The shares were sold at an average price of $22.90, for a total value of $41,220.00. Following the completion of the sale, the senior vice president now directly owns 761,717 shares in the company, valued at approximately $17,443,319. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Interactive Brokers Group (NASDAQ:IBKR) opened at 22.50 on Thursday. Interactive Brokers Group has a 52 week low of $16.05 and a 52 week high of $25.03. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $22.66. The company has a market cap of $1.230 billion and a P/E ratio of 25.03. Interactive Brokers Group also was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 599,828 shares, a decrease of 34.3% from the June 13th total of 913,054 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 453,553 shares, the days-to-cover ratio is currently 1.3 days.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $309.30 million for the quarter, compared to the consensus estimate of $331.58 million. During the same quarter last year, the company posted $0.21 earnings per share. Interactive Brokers Group’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Interactive Brokers Group will post $1.18 EPS for the current fiscal year.
A number of analysts have recently weighed in on IBKR shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $26.00 to $27.00 in a research note on Friday, July 11th. Separately, analysts at Zacks downgraded shares of Interactive Brokers Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $24.50 price target on the stock. Finally, 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.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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