Insider Selling: Interactive Brokers Group (NASDAQ:IBKR) CFO Sells 14,296 Shares of Stock

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold **14,296 shares** of the company's stock on September 25, totaling **$926,523.76**, and decreased his ownership by **23.97%**.
• Despite the insider sale, Interactive Brokers Group's stock rose **4.1%** on the following Monday, reaching **$68.80** during trading hours.
• The company recently declared a **quarterly dividend** of **$0.08**, resulting in a yield of **0.5%**, with a payout ratio of **16.49%**.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 14,296 shares of the company's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $64.81, for a total transaction of $926,523.76. Following the completion of the sale, the chief financial officer directly owned 45,347 shares of the company's stock, valued at $2,938,939.07. The trade was a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, September 26th, Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24.
• On Wednesday, September 24th, Paul Jonathan Brody sold 14,391 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.81, for a total transaction of $932,680.71.
• On Tuesday, September 23rd, Paul Jonathan Brody sold 19,025 shares of Interactive Brokers Group stock. The shares were sold at an average price of $65.30, for a total transaction of $1,242,332.50.
• On Monday, September 22nd, Paul Jonathan Brody sold 15,202 shares of Interactive Brokers Group stock. The shares were sold at an average price of $63.96, for a total transaction of $972,319.92.
• On Friday, September 19th, Paul Jonathan Brody sold 50,693 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.61, for a total transaction of $3,275,274.73.
• 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 shares were sold at an average price of $62.24, for a total transaction of $6,629,867.04.
• On Monday, September 15th, Paul Jonathan Brody sold 96,294 shares of Interactive Brokers Group stock. The stock was sold at an average price of $63.13, for a total value 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 shares were sold at an average price of $64.06, for a total value of $6,227,208.54.

Interactive Brokers Group Stock Up 4.1%

Shares of IBKR traded up $2.68 during trading hours on Monday, reaching $68.80. The company's stock had a trading volume of 5,903,991 shares, compared to its average volume of 7,377,472. The firm has a market cap of $116.69 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.69 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $68.83. The company has a 50 day moving average of $63.74 and a two-hundred day moving average of $53.79.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

Analyst Ratings Changes

IBKR has been the topic of a number of research reports. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup upped their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler upped their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Barclays upped their target price 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Institutional Investors Weigh In On Interactive Brokers Group

Several hedge funds and other institutional investors have recently modified their holdings of IBKR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Interactive Brokers Group by 50.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock worth $186,000 after acquiring an additional 350 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $874,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Interactive Brokers Group by 10.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,000 shares of the financial services provider's stock worth $2,473,000 after acquiring an additional 1,377 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 149.4% in the first quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider's stock worth $74,000 after acquiring an additional 266 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Interactive Brokers Group by 13.5% in the first quarter. Rhumbline Advisers now owns 319,505 shares of the financial services provider's stock worth $52,907,000 after acquiring an additional 38,087 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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.

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