Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells $76,475.76 in Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,623 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $47.12, for a total value of $76,475.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded up 0.87% during mid-day trading on Thursday, reaching $47.71. The company had a trading volume of 185,776 shares. The stock has a 50 day moving average price of $42.80 and a 200 day moving average price of $38.11. Interactive Brokers Group, Inc. has a 12-month low of $31.97 and a 12-month high of $47.94. The firm has a market capitalization of $3.41 billion, a PE ratio of 46.59 and a beta of 0.96.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The company had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. Interactive Brokers Group’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post $1.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 38.84%.
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Several research analysts have commented on the company. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday. Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective for the company. ValuEngine raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Interactive Brokers Group presently has an average rating of “Hold” and a consensus price target of $40.33.
A number of institutional investors have recently made changes to their positions in IBKR. Bank of New York Mellon Corp increased its stake in Interactive Brokers Group by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 745,591 shares of the financial services provider’s stock worth $25,886,000 after purchasing an additional 23,404 shares during the period. Swiss National Bank increased its stake in Interactive Brokers Group by 1.2% in the 1st quarter. Swiss National Bank now owns 106,400 shares of the financial services provider’s stock worth $3,694,000 after purchasing an additional 1,300 shares during the period. UBS Asset Management Americas Inc. increased its stake in Interactive Brokers Group by 45.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 44,953 shares of the financial services provider’s stock worth $1,561,000 after purchasing an additional 13,986 shares during the period. Karp Capital Management Corp purchased a new position in Interactive Brokers Group in the 1st quarter worth approximately $366,000. Finally, Sei Investments Co. increased its stake in Interactive Brokers Group by 46.1% in the 1st quarter. Sei Investments Co. now owns 28,802 shares of the financial services provider’s stock worth $1,000,000 after purchasing an additional 9,085 shares during the period. 15.01% of the stock is currently owned by institutional investors and hedge funds.
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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