Paul Jonathan Brody Sells 17,058 Shares of Interactive Brokers Group (NASDAQ:IBKR) Stock

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold a total of 17,058 shares at an average price of $65.78, amounting to just over $1.12 million, resulting in a 37.62% decrease in his holdings.
• Interactive Brokers Group's stock experienced a 4.1% increase, trading at $68.80, with a total market capitalization of approximately $116.69 billion.
• The company recently declared a quarterly dividend of $0.08 per share, reflecting an annualized yield of 0.5% and a dividend payout ratio of 16.49%.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 25th, Paul Jonathan Brody sold 14,296 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.81, for a total transaction of $926,523.76.
• 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 Tuesday, September 23rd, Paul Jonathan Brody sold 19,025 shares of Interactive Brokers Group stock. The shares were sold at an average price of $65.30, for a total transaction of $1,242,332.50.
• 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.

Interactive Brokers Group Stock Up 4.1%

IBKR stock traded up $2.68 during trading on Monday, hitting $68.80. The company had a trading volume of 5,903,991 shares, compared to its average volume of 7,377,472. The firm has a market capitalization of $116.69 billion, a P/E ratio of 35.37, a PEG ratio of 2.69 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $68.83. The company has a 50 day simple moving average of $63.74 and a 200-day simple moving average of $53.79.

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 EPS for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Institutional Trading of Interactive Brokers Group

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

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler increased their target price 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. Barclays increased their target price 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 increased their target price 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.

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