Earl H. Nemser Sells 1,658 Shares of Interactive Brokers Group, Inc. (IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,658 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $47.42, for a total value of $78,622.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Interactive Brokers Group, Inc. (IBKR) opened at 47.64 on Friday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 46.52 and a beta of 0.96. The company has a 50-day moving average price of $43.91 and a 200 day moving average price of $38.62. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $48.15.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05). The business had revenue of $387.00 million during the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post $1.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.84%. Interactive Brokers Group’s payout ratio is currently 38.84%.

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Several research analysts have recently weighed in on IBKR shares. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 4th. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Monday, July 10th. BidaskClub raised Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research note on Friday, June 30th. Finally, Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Interactive Brokers Group presently has an average rating of “Hold” and a consensus target price of $40.33.

Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. increased its stake in Interactive Brokers Group by 3.8% in the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock valued at $222,313,000 after purchasing an additional 215,591 shares during the last quarter. KCG Holdings Inc. increased its stake in Interactive Brokers Group by 8.4% in the first quarter. KCG Holdings Inc. now owns 11,854 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 917 shares during the last quarter. Quinn Opportunity Partners LLC increased its stake in Interactive Brokers Group by 10.1% in the second quarter. Quinn Opportunity Partners LLC now owns 380,856 shares of the financial services provider’s stock valued at $14,252,000 after purchasing an additional 35,000 shares during the last quarter. Micawber Capital LLC increased its stake in Interactive Brokers Group by 8.4% in the second quarter. Micawber Capital LLC now owns 63,270 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 4,923 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Interactive Brokers Group by 0.3% in the first quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock valued at $3,947,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 15.01% of the company’s stock.

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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