Insider Selling: Interactive Brokers Group (NASDAQ:IBKR) CFO Sells 112,574 Shares of Stock

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold 112,574 shares of the company's stock on September 11th for a total of $7,118,054.02, representing a 14.29% decrease in his ownership.
• The company announced a quarterly dividend of $0.08 per share, with a current dividend yield of 0.5% and a payout ratio of 16.49%.
• Interactive Brokers Group's recent earnings showed a 14.7% year-over-year revenue increase to $1.48 billion, with an EPS of $0.51 that exceeded expectations.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 112,574 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $63.23, for a total value of $7,118,054.02. Following the transaction, the chief financial officer owned 675,027 shares in the company, valued at $42,681,957.21. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Paul Jonathan Brody also recently made the following trade(s):

• On Thursday, September 18th, Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53.
• On Wednesday, September 17th, Paul Jonathan Brody sold 106,521 shares of Interactive Brokers Group stock. The stock was sold at an average price of $62.24, for a total value of $6,629,867.04.
• On Monday, September 15th, Paul Jonathan Brody sold 96,294 shares of Interactive Brokers Group stock. The shares were sold at an average price of $63.13, for a total transaction of $6,079,040.22.
• On Tuesday, September 16th, Paul Jonathan Brody sold 99,188 shares of Interactive Brokers Group stock. The stock was sold at an average price of $62.24, for a total value of $6,173,461.12.
• On Friday, September 12th, Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.06, for a total value of $6,227,208.54.
• On Wednesday, September 10th, Paul Jonathan Brody sold 104,906 shares of Interactive Brokers Group stock. The stock was sold at an average price of $62.51, for a total value of $6,557,674.06.
• On Tuesday, September 9th, Paul Jonathan Brody sold 107,493 shares of Interactive Brokers Group stock. The shares were sold at an average price of $61.87, for a total value of $6,650,591.91.

Interactive Brokers Group Price Performance

IBKR stock traded up $0.11 during mid-day trading on Friday, reaching $65.03. 8,097,957 shares of the company traded hands, compared to its average volume of 10,297,098. The company has a market capitalization of $110.30 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.64 and a beta of 1.23. The company has a fifty day moving average price of $63.27 and a 200-day moving average price of $52.96. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 16.49%.

Hedge Funds Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NWF Advisory Services Inc. acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $2,510,000. Osaic Holdings Inc. raised its holdings in shares of Interactive Brokers Group by 317.3% during the 2nd quarter. Osaic Holdings Inc. now owns 57,017 shares of the financial services provider's stock valued at $3,161,000 after purchasing an additional 43,353 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Interactive Brokers Group by 537.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 35,564 shares of the financial services provider's stock valued at $1,971,000 after purchasing an additional 29,982 shares in the last quarter. Munro Partners bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $4,806,000. Finally, Thrivent Financial for Lutherans boosted its position in shares of Interactive Brokers Group by 260.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 102,619 shares of the financial services provider's stock valued at $5,686,000 after acquiring an additional 74,127 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup raised their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Barclays raised their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.