Insider Selling: Interactive Brokers Group SVP Sells 1,800 Shares of Stock (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 Thursday, August 7th. The shares were sold at an average price of $23.54, for a total transaction of $42,372.00. Following the sale, the senior vice president now directly owns 745,517 shares of the company’s stock, valued at approximately $17,549,470. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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 (NASDAQ:IBKR) traded down 0.47% during mid-day trading on Friday, hitting $23.29. The stock had a trading volume of 329,432 shares. Interactive Brokers Group has a 52-week low of $16.72 and a 52-week high of $25.03. The stock’s 50-day moving average is $23.13 and its 200-day moving average is $22.60. The company has a market cap of $1.306 billion and a price-to-earnings ratio of 23.76.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. 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 1.72%. 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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