Insider Selling: Milan Galik Unloads 1,800 Shares of Interactive Brokers Group Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 1,800 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $23.38, for a total transaction of $42,084.00. Following the sale, the senior vice president now directly owns 741,917 shares in the company, valued at approximately $17,346,019. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Interactive Brokers Group (NASDAQ:IBKR) traded up 0.21% during mid-day trading on Thursday, hitting $23.34. 83,946 shares of the company’s stock traded hands. 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 $23.1 and its 200-day moving average is $22.63. The company has a market cap of $1.309 billion and a P/E ratio of 23.64.
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 1.72%. The ex-dividend date of this dividend 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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