Paul Jonathan Brody Sells 13,148 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 13,148 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $91.82, for a total value of $1,207,249.36. Following the completion of the sale, the chief financial officer now owns 438,922 shares of the company’s stock, valued at approximately $40,301,818.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Jonathan Brody also recently made the following trade(s):

• On Monday, September 18th, Paul Jonathan Brody sold 13,147 shares of Interactive Brokers Group stock. The shares were sold at an average price of $90.62, for a total value of $1,191,381.14.
• On Wednesday, September 13th, Paul Jonathan Brody sold 11,564 shares of Interactive Brokers Group stock. The shares were sold at an average price of $92.48, for a total value of $1,069,438.72.
• On Monday, September 11th, Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group stock. The shares were sold at an average price of $94.64, for a total value of $1,111,736.08.

Interactive Brokers Group Stock Down 1.2 %

IBKR stock traded down $1.05 on Tuesday, reaching $89.58. 1,171,486 shares of the company’s stock were exchanged, compared to its average volume of 1,029,449. The stock has a fifty day moving average of $89.62 and a 200-day moving average of $83.30. 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 $37.71 billion, a PE ratio of 18.32, a P/E/G ratio of 0.81 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s revenue was up 52.4% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 5.62 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors 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 0.45%. The ex-dividend date of this dividend was Thursday, August 31st. Interactive Brokers Group’s dividend payout ratio is presently 8.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Portside Wealth Group LLC purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at $860,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at $1,836,000. Comerica Bank purchased a new stake in shares of Interactive Brokers Group in the second quarter valued at $39,120,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Interactive Brokers Group by 10.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 18,174 shares of the financial services provider’s stock valued at $1,510,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Interactive Brokers Group by 6.6% in the second quarter. Nuveen Asset Management LLC now owns 253,287 shares of the financial services provider’s stock valued at $21,041,000 after acquiring an additional 15,654 shares in the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IBKR shares. Jefferies Financial Group upped their price target on Interactive Brokers Group from $104.00 to $106.00 in a research note on Monday, June 5th. The Goldman Sachs Group started coverage on Interactive Brokers Group in a research note on Tuesday. They set a “neutral” rating and a $97.00 price target for the company. StockNews.com started coverage on Interactive Brokers Group in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Barclays upped their price target on Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.83.

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.