Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Earl Nemser Sells 100,000 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 100,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $76.81, for a total transaction of $7,681,000.00. Following the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $23,043,000. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Interactive Brokers Group Stock Down 2.9%

Shares of NASDAQ IBKR opened at $75.35 on Tuesday. The stock has a market capitalization of $127.80 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth 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. The firm has a 50-day moving average price of $67.17 and a 200 day moving average price of $66.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IBKR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $76.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IBKR. Ballentine Partners LLC boosted its position in shares of Interactive Brokers Group by 1.0% in the third 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 during the last quarter. Caitlin John LLC increased its position 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 last quarter. Thrive Wealth Management LLC raised its stake in Interactive Brokers Group by 1.8% during 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 during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 2.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 165 shares during the last quarter. Finally, Petra Financial Advisors Inc. grew its stake 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 valued at $703,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

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.