Interactive Brokers Group (NASDAQ:IBKR) CFO Paul Jonathan Brody Sells 50,693 Shares

Key Points

• Interactive Brokers Group CFO Paul Jonathan Brody sold a total of 50,693 shares at an average price of $64.61, representing a notable 31.89% decrease in his ownership.
• The company recently announced a quarterly dividend of $0.08 per share, reflecting an annualized dividend yield of 0.5%.
• Interactive Brokers Group reported a 14.7% increase in quarterly revenue year-over-year, totaling $1.48 billion, surpassing analysts' expectations.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 50,693 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $64.61, for a total value of $3,275,274.73. Following the completion of the sale, the chief financial officer owned 108,261 shares in the company, valued at $6,994,743.21. This represents a 31.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 value 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 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 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 Thursday, September 11th, Paul Jonathan Brody sold 112,574 shares of Interactive Brokers Group stock. The stock was 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 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 stock was sold at an average price of $61.87, for a total value of $6,650,591.91.

Interactive Brokers Group Trading Up 2.0%

Shares of Interactive Brokers Group stock traded up $1.27 during trading hours on Tuesday, reaching $65.49. The stock had a trading volume of 5,346,501 shares, compared to its average volume of 7,438,991. The firm has a 50 day simple moving average of $63.37 and a two-hundred day simple moving average of $53.14. The firm has a market capitalization of $111.08 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.65 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07.

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. The company had revenue of $1.48 billion for 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 company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $1.76 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently made changes to their positions in IBKR. Compound Planning Inc. raised its stake in Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC increased its holdings in shares of Interactive Brokers Group by 6.6% during the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after purchasing an additional 66 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Interactive Brokers Group by 0.8% during the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after purchasing an additional 70 shares during the period. USS Investment Management Ltd increased its holdings in shares of Interactive Brokers Group by 0.4% during the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after purchasing an additional 76 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in shares of Interactive Brokers Group by 4.1% during the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 79 shares during the period. Institutional investors own 23.80% of the company's stock.

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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