Earl H. Nemser Sells 1,683 Shares of Interactive Brokers Group, Inc. (IBKR) Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,683 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $48.65, for a total transaction of $81,877.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) traded down 0.68% on Thursday, reaching $49.42. 1,461,198 shares of the company were exchanged. The company’s 50-day moving average price is $44.82 and its 200 day moving average price is $39.11. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 42.49 and a beta of 0.96. Interactive Brokers Group, Inc. has a 12 month low of $31.97 and a 12 month high of $50.73.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.37%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post $1.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.
A number of equities analysts have weighed in on the stock. SunTrust Banks, Inc. boosted their target price on shares of Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, September 19th. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Rosenblatt Securities assumed coverage on shares of Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy 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 $41.67.
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in Interactive Brokers Group by 27.9% during 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 purchasing an additional 647 shares during the period. Riverhead Capital Management LLC increased its position in Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Interactive Brokers Group during the 1st quarter valued at approximately $224,000. Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at approximately $239,000. Finally, Shelton Capital Management acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at approximately $253,000. 15.01% of the stock is owned by institutional investors and hedge funds.
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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