Interactive Brokers Group (NASDAQ:IBKR) CFO Sells $6,557,674.06 in Stock

Key Points

• Interactive Brokers Group CFO, Paul Jonathan Brody, sold 104,906 shares for approximately $6.56 million, reducing his holdings by 11.75% to 787,601 shares.
• The company recently declared a quarterly dividend of $0.08 per share, set to be paid on September 12th, reflecting a 0.5% yield.
• Equities analysts have mostly positive views on Interactive Brokers, with upgrades leading to a consensus rating of "Moderate Buy" and a price target of $59.38.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 104,906 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $62.51, for a total value of $6,557,674.06. Following the completion of the transaction, the chief financial officer owned 787,601 shares in the company, valued at $49,232,938.51. This represents a 11.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $6,650,591.91.

Interactive Brokers Group Stock Up 1.3%

IBKR stock traded up $0.83 during midday trading on Thursday, hitting $63.34. 3,945,323 shares of the company traded hands, compared to its average volume of 7,553,811. Interactive Brokers Group, Inc. has a twelve month low of $30.60 and a twelve month high of $68.07. The business has a 50 day simple moving average of $62.51 and a 200-day simple moving average of $52.36. The stock has a market capitalization of $107.43 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate 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 company 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 company posted $1.76 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is 16.49%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler increased 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 increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Institutional Investors Weigh In On Interactive Brokers Group

Hedge funds have recently modified their holdings of the business. Compound Planning Inc. lifted its position in Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock worth $958,000 after purchasing an additional 62 shares during the period. CWM LLC lifted 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 acquiring an additional 66 shares during the period. Crossmark Global Holdings Inc. lifted 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 acquiring an additional 70 shares during the period. USS Investment Management Ltd lifted 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 acquiring an additional 76 shares during the period. Finally, Ritholtz Wealth Management lifted 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 acquiring an additional 79 shares during the period. 23.80% of the stock is owned by institutional investors.

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.

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