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 Interactive Brokers Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded down $2.23 during mid-day trading on Monday, reaching $75.35. 6,288,202 shares of the company were exchanged, compared to its average volume of 5,597,968. The firm has a market cap of $127.80 billion, a P/E ratio of 34.02, a PEG ratio of 2.17 and a beta of 1.24. The business has a fifty day moving average of $66.93 and a 200 day moving average of $66.07. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly 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. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets upped their price target 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. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently made changes to their positions in IBKR. AQR Capital Management LLC lifted its stake in Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 2,713 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Interactive Brokers Group by 1,093.9% during the second quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 6,760 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Interactive Brokers Group during the second quarter valued at $416,000. State of Alaska Department of Revenue boosted its holdings in Interactive Brokers Group by 284.3% in the second quarter. State of Alaska Department of Revenue now owns 49,024 shares of the financial services provider’s stock valued at $2,716,000 after purchasing an additional 36,268 shares during the last quarter. Finally, ORG Partners LLC grew its position in Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 363 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

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.