Insider Selling: Interactive Brokers Group (NASDAQ:IBKR) CFO Sells 96,294 Shares of Stock

Key Points

• Interactive Brokers Group CFO Paul Jonathan Brody sold 96,294 shares of the company's stock for approximately $6.08 million, reducing his ownership by 16.67%.
• The company declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5%, with a dividend payout ratio of 16.49%.
• Interactive Brokers reported a 14.7% revenue increase year-over-year, with quarterly earnings per share (EPS) of $0.51, surpassing the consensus estimate of $0.46.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 96,294 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $63.13, for a total value of $6,079,040.22. Following the transaction, the chief financial officer directly owned 481,524 shares in the company, valued at $30,398,610.12. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 value of $6,629,867.04.
• 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 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 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 value 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 Trading Down 2.2%

NASDAQ IBKR traded down $1.45 during trading on Monday, hitting $63.58. 1,579,308 shares of the company traded hands, compared to its average volume of 7,440,678. The company has a market capitalization of $107.84 billion, a P/E ratio of 32.69, a PEG ratio of 2.65 and a beta of 1.23. The business has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $53.03. 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 announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Institutional Trading of Interactive Brokers Group

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter worth approximately $26,000. ORG Partners LLC boosted its stake in shares of Interactive Brokers Group by 312.9% in the 2nd 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 increased 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 valued at $29,000 after purchasing an additional 176 shares during the last quarter. Contravisory Investment Management Inc. increased 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 valued at $31,000 after purchasing an additional 423 shares during the last quarter. Finally, Private Wealth Asset Management LLC grew 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 valued at $32,000 after acquiring an additional 435 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBKR. Piper Sandler boosted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Barclays upped 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. 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. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Seven equities 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.