Interactive Brokers Group, Inc. (NASDAQ:IBKR) Chairman Sells $1,514,200.00 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $75.71, for a total transaction of $1,514,200.00. Following the completion of the sale, the chairman now directly owns 1,836,105 shares in the company, valued at $139,011,509.55. The transaction 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 Monday, January 9th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $76.04, for a total transaction of $1,520,800.00.
  • On Tuesday, December 13th, Thomas Peterffy sold 400 shares of Interactive Brokers Group stock. The stock was sold at an average price of $75.09, for a total transaction of $30,036.00.
  • On Thursday, December 8th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $76.14, for a total transaction of $1,522,800.00.
  • On Tuesday, December 6th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $77.80, for a total transaction of $1,556,000.00.
  • On Wednesday, November 30th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $80.00, for a total transaction of $1,600,000.00.
  • On Monday, November 28th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $77.97, for a total transaction of $1,559,400.00.
  • On Friday, November 25th, Thomas Peterffy sold 11,900 shares of Interactive Brokers Group stock. The stock was sold at an average price of $77.57, for a total transaction of $923,083.00.
  • On Tuesday, November 22nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $76.79, for a total transaction of $1,535,800.00.
  • On Wednesday, November 2nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $80.36, for a total transaction of $1,607,200.00.
  • On Monday, October 31st, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $80.18, for a total transaction of $1,603,600.00.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $77.21 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $52.18 and a 52 week high of $81.46. The firm has a market cap of $32.39 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.70 and a beta of 0.77. The firm’s 50-day simple moving average is $75.00 and its 200 day simple moving average is $68.32.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last announced its quarterly earnings results on Tuesday, October 18th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. Interactive Brokers Group had a net margin of 9.66% and a return on equity of 3.40%. The business had revenue of $790.00 million for the quarter, compared to analyst estimates of $792.70 million. During the same quarter in the prior year, the business earned $0.78 EPS. Interactive Brokers Group’s quarterly revenue was up 70.3% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 3.92 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Thursday, December 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s payout ratio is presently 12.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IBKR. Bridgewater Associates LP grew its position in shares of Interactive Brokers Group by 543.3% during the 2nd quarter. Bridgewater Associates LP now owns 1,238,721 shares of the financial services provider’s stock worth $68,142,000 after purchasing an additional 1,046,173 shares in the last quarter. BlackRock Inc. grew its position in shares of Interactive Brokers Group by 12.7% during the 3rd quarter. BlackRock Inc. now owns 8,359,280 shares of the financial services provider’s stock worth $534,243,000 after purchasing an additional 943,731 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $42,813,000. Assenagon Asset Management S.A. grew its position in shares of Interactive Brokers Group by 195.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 975,506 shares of the financial services provider’s stock worth $70,578,000 after purchasing an additional 644,923 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Interactive Brokers Group by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after purchasing an additional 592,266 shares in the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, October 11th. They set a “buy” rating and a $85.00 price objective on the stock. Barclays lowered their price objective on shares of Interactive Brokers Group from $94.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Finally, StockNews.com initiated coverage on shares of Interactive Brokers Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

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.

Further Reading

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

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