Interactive Brokers Group (NASDAQ:IBKR) CFO Sells $972,319.92 in Stock

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold $972,319.92 in stock, representing a 14.04% decrease in his holdings.
• Interactive Brokers reported a net margin of 9.78% and 14.7% year-over-year revenue growth for the last quarter, exceeding analysts’ expectations.
• The company declared a quarterly dividend of $0.08 per share, which translates to an annualized yield of 0.5% with a payout ratio of 16.49%.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 15,202 shares of Interactive Brokers Group stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $63.96, for a total transaction of $972,319.92. Following the completion of the sale, the chief financial officer owned 93,059 shares of the company's stock, valued at $5,952,053.64. This trade represents a 14.04% decrease in their position. 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 Friday, September 19th, Paul Jonathan Brody sold 50,693 shares of Interactive Brokers Group stock. The stock was 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 stock was 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.
• 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

Shares of Interactive Brokers Group stock traded up $1.27 during midday trading on Tuesday, hitting $65.49. 5,346,501 shares of the company traded hands, compared to its average volume of 7,438,991. The stock has a market cap of $111.08 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.65 and a beta of 1.23. The firm's fifty day moving average price is $63.37 and its 200-day moving average price is $53.14. 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 quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The company 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%. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 EPS. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors 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 was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. NWF Advisory Services Inc. acquired a new position in Interactive Brokers Group during the second quarter worth $2,510,000. Osaic Holdings Inc. boosted its position in Interactive Brokers Group by 317.3% during the second quarter. Osaic Holdings Inc. now owns 57,017 shares of the financial services provider's stock worth $3,161,000 after purchasing an additional 43,353 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Interactive Brokers Group by 537.1% during the second quarter. Orion Porfolio Solutions LLC now owns 35,564 shares of the financial services provider's stock worth $1,971,000 after acquiring an additional 29,982 shares in the last quarter. Munro Partners purchased a new stake in shares of Interactive Brokers Group during the second quarter worth $4,806,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Interactive Brokers Group by 260.2% in the second quarter. Thrivent Financial for Lutherans now owns 102,619 shares of the financial services provider's stock worth $5,686,000 after buying an additional 74,127 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.