Insider Selling: Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Sells $7,222,812.00 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 94,800 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $76.19, for a total value of $7,222,812.00. Following the transaction, the insider owned 60,200 shares in the company, valued at $4,586,638. This trade represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $74.88 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80. The company has a 50-day moving average of $68.19 and a 200-day moving average of $66.53. The company has a market cap of $127.01 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.12 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) 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 business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $76.39.

Institutional Trading of Interactive Brokers Group

A number of hedge funds have recently made changes to their positions in the company. ORG Partners LLC grew its holdings in Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the third quarter valued at about $27,000. Huntington National Bank increased its position in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Private Wealth Asset Management LLC increased its position in shares of Interactive Brokers Group by 300.0% during the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Interactive Brokers Group in the second quarter worth about $32,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

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.