Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,675 shares of Interactive Brokers Group stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $41.86, for a total value of $70,115.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded down 0.86% during trading on Thursday, hitting $41.30. The stock had a trading volume of 336,155 shares. The company’s 50 day moving average is $40.62 and its 200 day moving average is $37.20. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $42.74. The firm has a market cap of $2.95 billion, a PE ratio of 40.33 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.05. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm had revenue of $387 million during the quarter, compared to analyst estimates of $377.65 million. During the same period in the previous year, the company earned $0.40 earnings per share. Interactive Brokers Group’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 30th. Interactive Brokers Group’s payout ratio is 38.84%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in shares of Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares during the period. Riverhead Capital Management LLC increased its position in shares of Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares during the period. Elkfork Partners LLC increased its position in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 1,056 shares during the period. Meadow Creek Investment Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,344 shares during the period. Finally, Glen Harbor Capital Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the 1st quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 1,632 shares during the period. 15.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on IBKR. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Rosenblatt Securities began coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. SunTrust Banks, Inc. reissued a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.17.

Interactive Brokers Group Company Profile

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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