Insider Selling: Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells 816 Shares of Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 816 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $47.63, for a total value of $38,866.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Interactive Brokers Group, Inc. (IBKR) traded up 0.95% during midday trading on Wednesday, hitting $47.79. The company’s stock had a trading volume of 496,408 shares. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $48.15. The company has a 50-day moving average price of $43.55 and a 200 day moving average price of $38.49. The company has a market cap of $3.42 billion, a P/E ratio of 46.67 and a beta of 0.96.
Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). The business had revenue of $387.00 million during the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post $1.55 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 38.84%.
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A number of hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its stake in Interactive Brokers Group by 1.2% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after buying an additional 190 shares during the period. Alliancebernstein L.P. raised its stake in Interactive Brokers Group by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after buying an additional 196 shares during the period. Gamco Investors INC. ET AL raised its stake in Interactive Brokers Group by 0.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock worth $1,089,000 after buying an additional 200 shares during the period. Prudential Financial Inc. raised its stake in Interactive Brokers Group by 0.3% during the 1st quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock worth $3,947,000 after buying an additional 390 shares during the period. Finally, Texas Permanent School Fund raised its stake in Interactive Brokers Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 416 shares during the period. 15.01% of the stock is currently owned by institutional investors and hedge funds.
IBKR has been the subject of several recent analyst reports. SunTrust Banks, Inc. restated a “hold” rating and issued a $40.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price target on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Interactive Brokers Group presently has a consensus rating of “Hold” and a consensus price target of $40.33.
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.
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