Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,683 shares of Interactive Brokers Group stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $41.36, for a total value of $69,608.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Interactive Brokers Group, Inc. (IBKR) traded down 1.36% during midday trading on Thursday, reaching $40.70. The company had a trading volume of 405,972 shares. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 39.75 and a beta of 0.94. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $41.78. The firm has a 50-day moving average price of $39.03 and a 200-day moving average price of $36.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.05. The business had revenue of $387 million for the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post $1.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, August 30th. Interactive Brokers Group’s payout ratio is 38.84%.

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IBKR has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Interactive Brokers Group in a research report on Friday, May 26th. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Monday, July 10th. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $39.17.

A number of institutional investors have recently modified their holdings of IBKR. The Manufacturers Life Insurance Company raised its position in shares of Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after buying an additional 647 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Interactive Brokers Group by 71.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after buying an additional 1,295 shares during the last quarter. Elkfork Partners LLC raised its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the last quarter. 14.19% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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