Interactive Brokers Group, Inc. (IBKR) CFO Paul Jonathan Brody Sells 11,331 Shares
Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 11,331 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $40.54, for a total value of $459,358.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Paul Jonathan Brody also recently made the following trade(s):
- On Thursday, August 3rd, Paul Jonathan Brody sold 11,310 shares of Interactive Brokers Group stock. The shares were sold at an average price of $40.42, for a total value of $457,150.20.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded down 0.10% during mid-day trading on Tuesday, hitting $40.33. The company had a trading volume of 248,055 shares. Interactive Brokers Group, Inc. has a 12 month low of $31.97 and a 12 month high of $41.00. The firm has a market capitalization of $2.79 billion, a P/E ratio of 39.38 and a beta of 0.94. The firm has a 50-day moving average price of $38.13 and a 200 day moving average price of $36.63.
Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The company had revenue of $387 million for the quarter, compared to analysts’ expectations of $377.65 million. During the same period in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, August 30th. Interactive Brokers Group’s payout ratio is currently 38.84%.
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A number of research firms have recently commented on IBKR. SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Rosenblatt Securities initiated coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price target for the company. Keefe, Bruyette & Woods cut Interactive Brokers Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $44.00 to $38.00 in a research report on Wednesday, April 19th. Finally, Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $39.17.
A number of hedge funds and other institutional investors have recently modified their holdings of IBKR. BlackRock Inc. raised its stake in Interactive Brokers Group by 75,132.1% in the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock worth $230,176,000 after buying an additional 6,620,639 shares in the last quarter. Cantillon Capital Management LLC bought a new position in shares of Interactive Brokers Group during the second quarter valued at about $72,067,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at about $40,656,000. OppenheimerFunds Inc. raised its position in shares of Interactive Brokers Group by 3,912.4% in the first quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares in the last quarter. Finally, Bares Capital Management Inc. raised its position in shares of Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares in the last quarter. Hedge funds and other institutional investors own 14.25% of the company’s stock.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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