Interactive Brokers Group (NASDAQ:IBKR) CFO Sells $6,227,208.54 in Stock

Key Points

• Interactive Brokers Group CFO Paul Jonathan Brody sold 97,209 shares at an average price of $64.06, totaling over $6.2 million, reducing his ownership by 14.4%.
• The company's stock has seen a 2.3% decline recently, trading at $62.25 with a market capitalization of approximately $105.58 billion.
• Interactive Brokers reported a 14.7% increase in quarterly revenue year-over-year, with earnings of $0.51 per share surpassing analysts' expectations.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 97,209 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $64.06, for a total transaction of $6,227,208.54. Following the transaction, the chief financial officer directly owned 577,818 shares in the company, valued at approximately $37,015,021.08. This represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $63.13, for a total transaction 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 transaction of $6,173,461.12.
• 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 transaction 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 transaction of $6,557,674.06.
• On Tuesday, September 9th, Paul Jonathan Brody sold 107,493 shares of Interactive Brokers Group stock. The shares were sold at an average price of $61.87, for a total transaction of $6,650,591.91.

Interactive Brokers Group Stock Performance

IBKR stock traded up $0.11 on Friday, reaching $65.03. The company's stock had a trading volume of 8,097,957 shares, compared to its average volume of 10,297,098. The firm has a market cap of $110.30 billion, a PE ratio of 33.43, a PEG ratio of 2.64 and a beta of 1.23. The business has a fifty day simple moving average of $63.27 and a two-hundred day simple moving average of $52.96. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month 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 the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during 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%.Interactive Brokers Group's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on IBKR. Wall Street Zen upgraded 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 Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Barclays upped 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, Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBKR. Focus Partners Wealth acquired a new position in Interactive Brokers Group in the fourth quarter valued at approximately $385,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Interactive Brokers Group by 50.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock valued at $186,000 after purchasing an additional 350 shares during the period. Quantinno Capital Management LP raised its position in shares of Interactive Brokers Group by 13.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,591 shares of the financial services provider's stock valued at $634,000 after buying an additional 424 shares in the last quarter. ProShare Advisors LLC increased its position in Interactive Brokers Group by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 5,094 shares of the financial services provider's stock valued at $900,000 after acquiring an additional 350 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $611,000. Institutional investors and hedge funds 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.