Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Earl Nemser Sells 100,000 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 100,000 shares of Interactive Brokers Group stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $76.81, for a total value of $7,681,000.00. Following the completion of the transaction, the insider directly owned 300,000 shares of the company’s stock, valued at approximately $23,043,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Interactive Brokers Group Stock Down 2.9%

Shares of Interactive Brokers Group stock traded down $2.23 on Monday, reaching $75.35. The company’s stock had a trading volume of 6,288,202 shares, compared to its average volume of 5,597,968. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $78.80. The firm’s fifty day simple moving average is $66.93 and its two-hundred day simple moving average is $66.07. The company has a market capitalization of $127.80 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.17 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.Interactive Brokers Group’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors 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 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IBKR. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Piper Sandler set a $80.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $75.13.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares during the last quarter. State Street Corp increased its holdings in Interactive Brokers Group by 301.3% in the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after acquiring an additional 11,360,260 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after acquiring an additional 9,509,805 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Company Profile

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.