Interactive Brokers Group (NASDAQ:IBKR) CFO Sells $1,242,332.50 in Stock

Key Points

• Interactive Brokers Group CFO Paul Jonathan Brody sold shares totaling $1,242,332.50 in September, reducing his stock position by 20.44%.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5% and a payout ratio of 16.49%.
• Interactive Brokers' stock traded at $64.97, with a market cap of $110.20 billion, and had its consensus EPS forecast for the fiscal year set at 7.46.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 19,025 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $65.30, for a total transaction of $1,242,332.50. Following the completion of the transaction, the chief financial officer owned 74,034 shares in the company, valued at $4,834,420.20. The trade was a 20.44% decrease in their position. 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 Wednesday, September 24th, Paul Jonathan Brody sold 14,391 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.81, for a total transaction of $932,680.71.
• 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 transaction of $972,319.92.
• On Friday, September 19th, Paul Jonathan Brody sold 50,693 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.61, for a total transaction of $3,275,274.73.
• 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 shares were 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 shares were sold at an average price of $62.24, for a total transaction 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 transaction 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 transaction 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 transaction of $6,557,674.06.

Interactive Brokers Group Trading Up 0.8%

NASDAQ:IBKR traded up $0.51 during trading hours 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. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $68.07. The company has a market cap of $110.20 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.23. The business has a 50 day simple moving average of $63.58 and a two-hundred day simple moving average of $53.30.

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

Interactive Brokers Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays lifted their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Citigroup lifted their price objective on shares of 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 given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $59.38.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds have recently added to or reduced their stakes in IBKR. Vanguard Group Inc. raised its stake in shares of Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider's stock valued at $2,316,715,000 after purchasing an additional 31,458,885 shares in the last quarter. State Street Corp raised its stake in shares of Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider's stock valued at $838,410,000 after purchasing an additional 11,360,260 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider's stock worth $709,449,000 after acquiring an additional 9,509,805 shares during the period. Greenwich Wealth Management LLC grew its holdings in Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider's stock worth $602,004,000 after acquiring an additional 8,159,175 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Interactive Brokers Group by 227.7% during the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider's stock worth $562,328,000 after acquiring an additional 7,051,682 shares during the period. 23.80% of the stock is currently owned by institutional investors.

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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