Insider Selling: Interactive Brokers Group, Inc. (NASDAQ:IBKR) Chairman Sells 20,000 Shares of Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $60.40, for a total value of $1,208,000.00. Following the sale, the chairman now owns 2,367,511 shares in the company, valued at $142,997,664.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Peterffy also recently made the following trade(s):

• On Wednesday, May 25th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $56.57, for a total value of $1,131,400.00.
• On Monday, May 23rd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $57.65, for a total value of $1,153,000.00.
• On Friday, May 20th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $55.58, for a total value of $1,111,600.00.
• On Monday, May 16th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $54.99, for a total value of $1,099,800.00.
• On Monday, May 9th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $52.95, for a total value of $1,059,000.00.
• On Friday, May 6th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $55.63, for a total value of $1,112,600.00.
• On Monday, May 2nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $59.82, for a total value of $1,196,400.00.
• On Friday, April 29th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $61.17, for a total value of $1,223,400.00.
• On Wednesday, April 27th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $61.53, for a total value of $1,230,600.00.
• On Monday, April 25th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $61.08, for a total value of $1,221,600.00.

IBKR traded up $0.52 during trading on Monday, hitting $60.64. The company’s stock had a trading volume of 888,044 shares, compared to its average volume of 920,370. Interactive Brokers Group, Inc. has a twelve month low of $52.18 and a twelve month high of $82.83. The stock’s fifty day moving average price is $60.94 and its 200-day moving average price is $67.98. The firm has a market capitalization of $25.36 billion, a P/E ratio of 21.35, a PEG ratio of 0.83 and a beta of 0.76.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last released its quarterly earnings data on Tuesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $703.34 million. Interactive Brokers Group had a return on equity of 3.09% and a net margin of 10.32%. The company’s quarterly revenue was down 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts predict that Interactive Brokers Group, Inc. will post 3.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Wednesday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.66%. Interactive Brokers Group’s dividend payout ratio is 14.08%.

IBKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, April 26th. Bank of America lifted their price objective on Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a research note on Tuesday, April 5th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 26th. Finally, Compass Point dropped their price target on Interactive Brokers Group to $85.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBKR. Marshall Wace LLP increased its holdings in shares of Interactive Brokers Group by 151.4% during the fourth quarter. Marshall Wace LLP now owns 4,359,441 shares of the financial services provider’s stock valued at $346,228,000 after acquiring an additional 2,625,600 shares in the last quarter. Samlyn Capital LLC increased its holdings in shares of Interactive Brokers Group by 745.8% during the fourth quarter. Samlyn Capital LLC now owns 1,768,263 shares of the financial services provider’s stock valued at $140,436,000 after acquiring an additional 1,559,196 shares in the last quarter. Norges Bank bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $60,173,000. MARSHALL WACE ASIA Ltd increased its holdings in shares of Interactive Brokers Group by 63.6% during the third quarter. MARSHALL WACE ASIA Ltd now owns 1,627,635 shares of the financial services provider’s stock valued at $101,467,000 after acquiring an additional 632,642 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 916.8% during the fourth quarter. Victory Capital Management Inc. now owns 688,823 shares of the financial services provider’s stock valued at $54,706,000 after acquiring an additional 621,079 shares in the last quarter. Hedge funds and other institutional investors own 20.49% of the company’s stock.

About Interactive Brokers Group (Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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