Thomas Peterffy Sells 20,000 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock

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

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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $61.08, for a total value of $1,221,600.00.

Shares of NASDAQ:IBKR traded up $0.52 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. The company has a 50-day simple moving average of $60.94 and a 200 day simple moving average of $67.98. Interactive Brokers Group, Inc. has a 1 year low of $52.18 and a 1 year high of $82.83. The company has a market capitalization of $25.36 billion, a PE 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 results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. Interactive Brokers Group had a return on equity of 3.09% and a net margin of 10.32%. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $703.34 million. During the same quarter last year, the firm posted $0.98 EPS. The company’s revenue was down 27.8% compared to the same quarter last year. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 3.69 earnings per share for the current year.

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

A number of brokerages have recently commented on IBKR. Zacks Investment Research cut Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price target on the stock. in a research report on Tuesday, April 5th. Bank of America increased their price objective on Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Thursday, May 26th. 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 report on Tuesday, April 26th. Finally, Compass Point dropped their price objective on Interactive Brokers Group to $85.00 in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.60.

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Interactive Brokers Group by 1.5% in the 4th quarter. JPMorgan Chase & Co. now owns 120,354 shares of the financial services provider’s stock valued at $9,559,000 after acquiring an additional 1,832 shares in the last quarter. FDx Advisors Inc. increased its position in shares of Interactive Brokers Group by 7.8% during the 4th quarter. FDx Advisors Inc. now owns 17,679 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 1,275 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $279,000. Stonnington Group LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $5,419,000. Finally, Covestor Ltd bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $180,000. 20.49% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile (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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