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

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) Chairman Thomas Peterffy sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $66.73, for a total transaction of $1,334,600.00. Following the completion of the transaction, the chairman now directly owns 2,967,511 shares of the company’s stock, valued at $198,022,009.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, April 18th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.19, for a total transaction of $1,283,800.00.
  • On Wednesday, April 13th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $65.50, for a total transaction of $1,310,000.00.
  • On Monday, April 11th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $65.03, for a total transaction of $1,300,600.00.
  • On Friday, April 8th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.91, for a total transaction of $1,298,200.00.
  • On Wednesday, April 6th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.57, for a total transaction of $1,291,400.00.
  • On Monday, April 4th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $67.19, for a total transaction of $1,343,800.00.
  • On Friday, April 1st, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $66.18, for a total transaction of $1,323,600.00.
  • On Wednesday, March 30th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $67.73, for a total transaction of $1,354,600.00.
  • On Monday, March 28th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $66.34, for a total transaction of $1,326,800.00.
  • On Thursday, March 24th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $66.08, for a total transaction of $1,321,600.00.

NASDAQ:IBKR traded down $2.77 during trading hours on Friday, reaching $61.03. The company’s stock had a trading volume of 41,681 shares, compared to its average volume of 911,736. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.94 and a beta of 0.74. The firm has a 50-day simple moving average of $65.60 and a 200-day simple moving average of $71.20. Interactive Brokers Group, Inc. has a 1 year low of $56.95 and a 1 year high of $82.83.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last issued its earnings results on Tuesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $703.34 million. Interactive Brokers Group had a net margin of 10.80% and a return on equity of 3.25%. The firm’s revenue was down 27.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. Research analysts expect that Interactive Brokers Group, Inc. will post 3.86 EPS for the current year.

The company 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 12.27%.

Several analysts have recently weighed in on IBKR shares. Bank of America raised their price objective on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price objective on the stock. in a research report on Tuesday, April 5th. Keefe, Bruyette & Woods upgraded shares of Interactive Brokers Group from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Wednesday, January 19th. StockNews.com began coverage on shares of Interactive Brokers Group in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, The Goldman Sachs Group decreased their target price on shares of Interactive Brokers Group from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.00.

A number of institutional investors have recently made changes to their positions in IBKR. First Horizon Advisors Inc. grew its holdings in Interactive Brokers Group by 112.7% in the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 178 shares during the last quarter. Quent Capital LLC bought a new stake in Interactive Brokers Group in the 4th quarter worth $28,000. Penserra Capital Management LLC bought a new stake in Interactive Brokers Group in the 3rd quarter worth $29,000. Fifth Third Bancorp grew its holdings in Interactive Brokers Group by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 160 shares during the last quarter. Finally, Westpac Banking Corp bought a new stake in Interactive Brokers Group in the 4th quarter worth $30,000. 18.92% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

Insider Buying and Selling by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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