Paul Jonathan Brody Sells 11,747 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 11,747 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $94.64, for a total transaction of $1,111,736.08. Following the completion of the transaction, the chief financial officer now owns 488,253 shares of the company’s stock, valued at approximately $46,208,263.92. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Interactive Brokers Group Stock Performance

IBKR opened at $92.70 on Friday. The firm’s 50-day simple moving average is $89.40 and its 200-day simple moving average is $83.29. Interactive Brokers Group, Inc. has a twelve month low of $62.70 and a twelve month high of $95.59. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.82 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.08). Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 5.62 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, August 31st. Interactive Brokers Group’s dividend payout ratio is currently 8.16%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its holdings in Interactive Brokers Group by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 3,449 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 135 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Interactive Brokers Group by 2.5% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 5,657 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 139 shares during the last quarter. ETF Managers Group LLC lifted its position in Interactive Brokers Group by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 10,985 shares of the financial services provider’s stock valued at $907,000 after purchasing an additional 163 shares during the period. Public Employees Retirement System of Ohio lifted its position in Interactive Brokers Group by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 48,042 shares of the financial services provider’s stock valued at $3,966,000 after purchasing an additional 164 shares during the period. Finally, SYSTM Wealth Solutions LLC lifted its position in Interactive Brokers Group by 3.4% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 5,297 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 174 shares during the period. Institutional investors own 21.56% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Interactive Brokers Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Barclays increased their price objective on shares of Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. Finally, Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $104.00 to $106.00 in a report on Monday, June 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.60.

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.