Interactive Brokers Group (NASDAQ:IBKR) CFO Paul Jonathan Brody Sells 14,391 Shares

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold 14,391 shares on September 24th for approximately $932,680, reducing his ownership by 19.44% to 59,643 shares.
• Interactive Brokers Group's stock price increased by 0.8%, trading at $64.97, with a trading volume of over 3 million shares during midday trading.
• The firm reported a 14.7% revenue increase year-over-year with $1.48 billion for the last quarter, exceeding analysts' estimates of $1.37 billion.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 14,391 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $64.81, for a total value of $932,680.71. Following the transaction, the chief financial officer directly owned 59,643 shares in the company, valued at $3,865,462.83. This represents a 19.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value 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 value of $972,319.92.
• On Friday, September 19th, Paul Jonathan Brody sold 50,693 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.61, for a total value of $3,275,274.73.
• On Thursday, September 18th, Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.73, for a total value 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 value of $6,079,040.22.
• On Tuesday, September 16th, Paul Jonathan Brody sold 99,188 shares of Interactive Brokers Group stock. The shares were 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.
• On Thursday, September 11th, Paul Jonathan Brody sold 112,574 shares of Interactive Brokers Group stock. The shares were sold at an average price of $63.23, for a total value of $7,118,054.02.
• On Wednesday, September 10th, Paul Jonathan Brody sold 104,906 shares of Interactive Brokers Group stock. The shares were sold at an average price of $62.51, for a total value of $6,557,674.06.

Interactive Brokers Group Stock Up 0.8%

Shares of NASDAQ IBKR traded up $0.51 during midday trading on Thursday, hitting $64.97. The stock had a trading volume of 3,125,081 shares, compared to its average volume of 7,404,590. The company has a market capitalization of $110.20 billion, a PE ratio of 33.40, a P/E/G ratio of 2.66 and a beta of 1.23. The stock has a 50 day simple moving average of $63.58 and a 200-day simple moving average of $53.30. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year 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 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 last year, the business posted $1.76 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup raised their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Piper Sandler raised their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Barclays raised their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven 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, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group during the 1st quarter worth about $26,000. ORG Partners LLC boosted its position in shares of Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider's stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Huntington National Bank boosted its position in shares of Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider's stock worth $29,000 after acquiring an additional 176 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider's stock worth $31,000 after acquiring an additional 423 shares in the last quarter. Finally, Private Wealth Asset Management LLC boosted its position in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider's stock worth $32,000 after acquiring an additional 435 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Company Profile

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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