Insider Selling: Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Sells 5,000 Shares of Stock
Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Interactive Brokers Group Stock Performance
NASDAQ IBKR opened at $106.72 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $107.71. The stock has a market capitalization of $44.93 billion, a PE ratio of 18.86, a P/E/G ratio of 0.98 and a beta of 0.80. The stock has a 50-day simple moving average of $91.17 and a 200 day simple moving average of $87.55.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $1.30 EPS. Interactive Brokers Group’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.07 EPS for the current fiscal year.
Interactive Brokers Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.37%. Interactive Brokers Group’s dividend payout ratio (DPR) is 7.07%.
Analyst Ratings Changes
Several analysts have recently issued reports on IBKR shares. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. UBS Group decreased their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Finally, Redburn Atlantic started coverage on Interactive Brokers Group in a research note on Friday, December 1st. They set a “buy” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.
Check Out Our Latest Analysis on IBKR
Hedge Funds Weigh In On Interactive Brokers Group
Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Interactive Brokers Group by 3.8% in the 3rd quarter. AQR Capital Management LLC now owns 3,495 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 129 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Interactive Brokers Group by 2.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 133 shares in the last quarter. Toroso Investments LLC raised its holdings in Interactive Brokers Group by 1.1% in the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 133 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 135 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Interactive Brokers Group by 4.1% in the 3rd quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing 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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