Interactive Brokers Group (NASDAQ:IBKR) CFO Paul Jonathan Brody Sells 107,493 Shares

Key Points

• Interactive Brokers Group CFO Paul Jonathan Brody sold 107,493 shares at an average price of $61.87, totaling approximately $6.65 million, reducing his stake by 10.75% to 892,507 shares.
• The company reported a Q2 EPS of $0.51, beating estimates, with a revenue increase of 14.7% year-over-year, amounting to $1.48 billion.
• Interactive Brokers declared a $0.08 quarterly dividend with a yield of 0.5%, set to be paid on September 12th, and has a dividend payout ratio of 16.49%.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 107,493 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $61.87, for a total transaction of $6,650,591.91. Following the sale, the chief financial officer owned 892,507 shares in the company, valued at $55,219,408.09. This represents a 10.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $6,557,674.06.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $0.83 during trading hours on Thursday, hitting $63.34. 3,945,323 shares of the stock were exchanged, compared to its average volume of 7,553,811. The company has a market cap of $107.43 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. The company's fifty day simple moving average is $62.51 and its two-hundred day simple moving average is $52.36. Interactive Brokers Group, Inc. has a 1-year low of $30.60 and a 1-year high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $1.48 billion during 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 firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBKR. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler raised their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Barclays raised their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds have recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC bought a new position in Interactive Brokers Group during the first quarter worth $26,000. ORG Partners LLC raised its stake in Interactive Brokers Group by 312.9% during 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 raised its stake in Interactive Brokers Group by 51.8% during 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. raised its stake in Interactive Brokers Group by 300.0% during 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 increased its holdings in 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 purchasing an additional 435 shares in the last quarter. 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.

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