Interactive Brokers Group, Inc. (NASDAQ:IBKR) Chairman Thomas Peterffy Sells 20,000 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $58.70, for a total transaction of $1,174,000.00. Following the sale, the chairman now owns 1,587,511 shares of the company’s stock, valued at approximately $93,186,895.70. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Thomas Peterffy also recently made the following trade(s):

  • On Wednesday, July 27th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.77, for a total transaction of $1,135,400.00.
  • On Monday, July 25th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.63, for a total transaction of $1,132,600.00.
  • On Friday, July 22nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.52, for a total transaction of $1,130,400.00.
  • On Wednesday, July 20th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $56.78, for a total transaction of $1,135,600.00.
  • On Monday, July 18th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $55.91, for a total transaction of $1,118,200.00.
  • On Friday, July 15th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $54.24, for a total transaction of $1,084,800.00.
  • On Wednesday, July 13th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $53.94, for a total transaction of $1,078,800.00.
  • On Monday, July 11th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $54.46, for a total transaction of $1,089,200.00.
  • On Thursday, July 7th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.64, for a total transaction of $1,132,800.00.
  • On Tuesday, July 5th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $55.70, for a total value of $1,114,000.00.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $56.32 on Tuesday. The business has a 50 day moving average price of $57.16 and a 200-day moving average price of $62.05. Interactive Brokers Group, Inc. has a fifty-two week low of $52.18 and a fifty-two week high of $82.83. The firm has a market cap of $23.55 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.08). The firm had revenue of $656.00 million for the quarter, compared to analysts’ expectations of $745.46 million. Interactive Brokers Group had a net margin of 9.64% and a return on equity of 3.13%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 3.77 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Thursday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.71%. Interactive Brokers Group’s payout ratio is 15.63%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBKR. First Horizon Advisors Inc. boosted its position in Interactive Brokers Group by 112.7% in the fourth quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 178 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Interactive Brokers Group by 692.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 420 shares of the financial services provider’s stock valued at $28,000 after buying an additional 367 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Interactive Brokers Group by 72.4% during the 4th quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock valued at $30,000 after buying an additional 160 shares in the last quarter. Westpac Banking Corp purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $30,000. Finally, CWM LLC lifted its position in shares of Interactive Brokers Group by 137.5% during the 2nd quarter. CWM LLC now owns 653 shares of the financial services provider’s stock valued at $36,000 after buying an additional 378 shares in the last quarter. 20.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IBKR. Compass Point decreased their price target on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Tuesday, April 26th. StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, Bank of America upped their price objective on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th.

Interactive Brokers Group Company Profile

(Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling 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.

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

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