Insider Selling: Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Sells $4,533,060.00 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 60,200 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Interactive Brokers Group Stock Down 1.0%

Interactive Brokers Group stock opened at $74.88 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $78.80. The stock has a 50-day moving average price of $68.19 and a 200 day moving average price of $66.53. The company has a market capitalization of $127.01 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% on a year-over-year basis. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors have recently added to or reduced their stakes in IBKR. Ashton Thomas Private Wealth LLC lifted its holdings in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 145 shares in the last quarter. Caitlin John LLC raised its position in shares of Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the last quarter. Thrive Wealth Management LLC lifted its stake in Interactive Brokers Group by 1.8% in the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after buying an additional 162 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Interactive Brokers Group by 2.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock worth $533,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on IBKR. CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $76.39.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.