Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Earl Nemser Sells 145,000 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $75.35 on Tuesday. The firm’s 50-day moving average is $67.17 and its 200-day moving average is $66.18. The stock has a market cap of $127.80 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.17 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Analyst Ratings Changes

A number of analysts have recently weighed in on IBKR shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, CICC Research started coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in shares of Interactive Brokers Group by 1.0% in the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Caitlin John LLC grew its stake in Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the period. Thrive Wealth Management LLC increased its holdings in Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after buying an additional 165 shares during the period. Finally, Petra Financial Advisors Inc. boosted its holdings in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock worth $703,000 after buying an additional 167 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.