Interactive Brokers Group (NASDAQ:IBKR) CFO Sells $7,564,412.53 in Stock

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold 116,861 shares at an average price of $64.73, resulting in a total value of approximately $7.56 million, which reduced his ownership by 42.37%.
• Interactive Brokers Group reported a 14.7% year-over-year increase in revenue to $1.48 billion in its last earnings release, exceeding analysts' expectations of $1.37 billion.
• The company recently declared a quarterly dividend of $0.08 per share, showcasing a dividend yield of 0.5% and a payout ratio of 16.49%.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 116,861 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 value 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 stock was sold at an average price of $63.23, for a total value 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

Shares of NASDAQ:IBKR traded down $0.81 during midday trading on Monday, reaching $64.22. 4,775,825 shares of the company's stock were exchanged, compared to its average volume of 10,508,868. The company's 50 day simple moving average is $63.37 and its two-hundred day simple moving average is $53.14. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $68.07. The firm has a market capitalization of $108.93 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $1.48 billion during 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 company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. On average, research analysts anticipate 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. Shareholders of record on Monday, September 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Institutional Investors Weigh In On Interactive Brokers Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Compound Planning Inc. increased its stake in Interactive Brokers Group by 1.1% in the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after buying an additional 62 shares during the last quarter. CWM LLC grew its holdings in shares of Interactive Brokers Group by 6.6% in 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 in the last quarter. Crossmark Global Holdings Inc. increased its position 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 last quarter. USS Investment Management Ltd lifted its holdings in 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 worth $3,339,000 after acquiring an additional 76 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Interactive Brokers Group by 4.1% in the first quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock worth $329,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on IBKR. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Barclays boosted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.38.

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.