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

Posted by MarketBeat News on Jan 20th, 2023

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $77.40, for a total transaction of $1,548,000.00. Following the completion of the sale, the chairman now owns 1,790,605 shares of the company’s stock, valued at $138,592,827. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

On Friday, January 13th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $75.61, for a total transaction of $1,512,200.00.
On Wednesday, January 11th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $75.71, for a total transaction of $1,514,200.00.
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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $76.79, for a total transaction of $1,535,800.00.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $78.85 on Friday. The firm’s fifty day moving average price is $74.95 and its two-hundred day moving average price is $68.86. The stock has a market cap of $33.08 billion, a PE ratio of 25.44, a PEG ratio of 0.72 and a beta of 0.77. Interactive Brokers Group, Inc. has a fifty-two week low of $52.18 and a fifty-two week high of $83.40.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 12.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, October 11th. They issued a “buy” rating and a $85.00 price objective on the stock. Barclays boosted their target price on shares of Interactive Brokers Group from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. 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 four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.60.

Hedge Funds Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in shares of Interactive Brokers Group by 185.2% during the second quarter. First Horizon Advisors Inc. now owns 519 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 337 shares during the period. Wipfli Financial Advisors LLC acquired a new position in shares of Interactive Brokers Group during the third quarter worth $28,000. Eagle Bay Advisors LLC acquired a new position in shares of Interactive Brokers Group during the second quarter worth $31,000. Fifth Third Bancorp lifted its holdings in Interactive Brokers Group by 40.2% in the third quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock valued at $33,000 after buying an additional 146 shares during the period. Finally, CWM LLC lifted its holdings in Interactive Brokers Group by 137.5% in the second quarter. CWM LLC now owns 653 shares of the financial services provider’s stock valued at $36,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Interactive Brokers Group Company Profile

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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.