Insider Selling: Interactive Brokers Group, Inc. (IBKR) CFO Sells $550,053.93 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 11,311 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $48.63, for a total value of $550,053.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, October 16th, Paul Jonathan Brody sold 11,033 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.58, for a total value of $524,950.14.
  • On Wednesday, October 11th, Paul Jonathan Brody sold 5,759 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.64, for a total value of $274,358.76.
  • On Thursday, October 12th, Paul Jonathan Brody sold 11,241 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.73, for a total value of $536,532.93.
  • On Monday, October 9th, Paul Jonathan Brody sold 5,412 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.64, for a total value of $257,827.68.
  • On Tuesday, October 10th, Paul Jonathan Brody sold 10,339 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.45, for a total value of $490,585.55.
  • On Friday, October 6th, Paul Jonathan Brody sold 11,519 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.53, for a total value of $547,498.07.
  • On Wednesday, October 4th, Paul Jonathan Brody sold 10,617 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.11, for a total value of $500,166.87.
  • On Monday, October 2nd, Paul Jonathan Brody sold 11,310 shares of Interactive Brokers Group stock. The stock was sold at an average price of $45.20, for a total value of $511,212.00.
  • On Wednesday, September 27th, Paul Jonathan Brody sold 5,759 shares of Interactive Brokers Group stock. The stock was sold at an average price of $44.27, for a total value of $254,950.93.
  • On Thursday, September 28th, Paul Jonathan Brody sold 11,172 shares of Interactive Brokers Group stock. The stock was sold at an average price of $44.52, for a total value of $497,377.44.

Shares of Interactive Brokers Group, Inc. (IBKR) opened at 49.39 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $31.97 and a 12-month high of $50.73. The company has a market capitalization of $3.51 billion, a PE ratio of 42.47 and a beta of 0.96. The firm’s 50-day moving average price is $45.03 and its 200-day moving average price is $39.22.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts expect that Interactive Brokers Group, Inc. will post $1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 34.48%.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of Interactive Brokers Group by 27.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 647 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Interactive Brokers Group by 71.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 1,295 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $224,000. Hartford Investment Management Co. acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $239,000. Finally, Shelton Capital Management acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $253,000. Hedge funds and other institutional investors own 15.01% of the company’s stock.

A number of brokerages recently commented on IBKR. SunTrust Banks, Inc. raised their target price on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a report on Wednesday. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, September 19th. BidaskClub raised Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Finally, Rosenblatt Securities began coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.67.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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

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