Earl H. Nemser Sells 194,086 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock

Key Points

• Vice Chairman of Interactive Brokers Group, Inc., Earl H. Nemser, sold 194,086 shares, decreasing his ownership by 29.60% and receiving over $13 million from the transaction.
• The company announced a quarterly dividend of $0.08 per share, with a yield of 0.5%, to be paid on September 12th.
• Analysts have raised their price targets for the stock, with Goldman Sachs and Citigroup setting their targets at $60.00 and both giving a "buy" rating.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company's stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Interactive Brokers Group Stock Down 1.2%

Shares of NASDAQ IBKR traded down $0.76 during trading on Tuesday, reaching $62.88. 538,552 shares of the company traded hands, compared to its average volume of 7,083,942. The firm has a 50 day simple moving average of $59.19 and a 200-day simple moving average of $51.66. The stock has a market capitalization of $106.66 billion, a PE ratio of 32.38, a P/E/G ratio of 2.58 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52-week low of $30.01 and a 52-week high of $68.07.

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

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research reports. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup upped their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Barclays upped their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Institutional Trading of Interactive Brokers Group

Institutional investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the first quarter worth approximately $26,000. ORG Partners LLC boosted its holdings in shares of Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after buying an additional 363 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider's stock worth $29,000 after buying an additional 176 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after buying an additional 423 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock worth $32,000 after buying an additional 435 shares during the last quarter. Hedge funds and other institutional investors 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.