Insider Selling: Interactive Brokers Group SVP Sells 900 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 900 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $23.18, for a total transaction of $20,862.00. Following the transaction, the senior vice president now directly owns 747,317 shares of the company’s stock, valued at approximately $17,322,808. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded down 0.56% during mid-day trading on Friday, hitting $23.27. The stock had a trading volume of 65,877 shares. Interactive Brokers Group has a 1-year low of $16.72 and a 1-year high of $25.03. The stock has a 50-day moving average of $23.13 and a 200-day moving average of $22.60. The company has a market cap of $1.305 billion and a P/E ratio of 23.76.
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 $1.15 EPS 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 1.71%. The ex-dividend date is Wednesday, August 27th.
Separately, 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.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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