Interactive Brokers Group SVP Unloads $20,862 in Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik unloaded 900 shares of Interactive Brokers Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $23.18, for a total value of $20,862.00. Following the completion of the transaction, the senior vice president now directly owns 747,317 shares in the company, valued at approximately $17,322,808. The sale 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 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.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 0.42% on Wednesday, hitting $23.63. 413,022 shares of the company’s stock traded hands. Interactive Brokers Group has a 52-week low of $16.61 and a 52-week high of $25.03. The stock’s 50-day moving average is $23.16 and its 200-day moving average is $22.59. The company has a market cap of $1.325 billion and a P/E ratio of 23.89.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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 declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, August 27th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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