Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser Sells 74,218 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Free Report) Vice Chairman Earl H. Nemser sold 74,218 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $93.02 on Wednesday. The stock has a market capitalization of $39.16 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.88 and a beta of 0.80. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $97.12. The business’s fifty day moving average is $85.59 and its two-hundred day moving average is $86.23.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. Interactive Brokers Group’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 7.07%.

Institutional Trading of Interactive Brokers Group

Several large investors have recently added to or reduced their stakes in the company. Everpar Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $548,000. Charles Schwab Investment Management Inc. raised its stake in Interactive Brokers Group by 16.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 840,852 shares of the financial services provider’s stock valued at $69,707,000 after purchasing an additional 116,890 shares during the period. Private Advisor Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $223,000. National Bank of Canada FI raised its stake in Interactive Brokers Group by 176.5% during the 4th quarter. National Bank of Canada FI now owns 45,276 shares of the financial services provider’s stock valued at $3,834,000 after purchasing an additional 28,903 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of Interactive Brokers Group by 3.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 31,672 shares of the financial services provider’s stock valued at $2,626,000 after acquiring an additional 992 shares in the last quarter. 21.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IBKR shares. Barclays boosted their price objective on Interactive Brokers Group from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Redburn Atlantic initiated coverage on Interactive Brokers Group in a report on Friday, December 1st. They set a “buy” rating and a $100.00 target price on the stock. UBS Group dropped their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Finally, The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.

Get Our Latest Stock Report on IBKR

About Interactive Brokers Group

(Get Free Report)

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