Interactive Brokers Group SVP Milan Galik Sells 1,800 Shares (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik unloaded 1,800 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $23.30, for a total value of $41,940.00. Following the transaction, the senior vice president now directly owns 759,917 shares in the company, valued at approximately $17,706,066. The transaction was disclosed in a legal 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 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 (NASDAQ:IBKR) traded up 0.63% during mid-day trading on Friday, hitting $22.26. 92,458 shares of the company’s stock traded hands. Interactive Brokers Group has a 52 week low of $16.05 and a 52 week high of $25.03. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $22.66. The company has a market cap of $1.248 billion and a P/E ratio of 22.46. Interactive Brokers Group also was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 599,828 shares, a decline of 34.3% from the June 13th total of 913,054 shares. Based on an average daily volume of 453,553 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.1% of the shares of the company are sold short.
Interactive Brokers Group (NASDAQ:IBKR) last announced its 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. On average, analysts predict that Interactive Brokers Group will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Wednesday, August 27th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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