Interactive Brokers Group (NASDAQ:IBKR) CFO Paul Jonathan Brody Sells 99,188 Shares

Key Points

• Paul Jonathan Brody, CFO of Interactive Brokers Group, sold 99,188 shares on September 16 for approximately $6.17 million, reducing his ownership by 20.60% to 382,336 shares.
• Interactive Brokers reported $1.48 billion in quarterly revenue, exceeding analyst expectations, with an earnings per share of $0.51, surpassing estimates by $0.05.
• The company recently announced a quarterly dividend of $0.08 per share, representing a 0.5% yield and a payout ratio of 16.49%.

Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) CFO Paul Jonathan Brody sold 99,188 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $62.24, for a total value of $6,173,461.12. Following the transaction, the chief financial officer owned 382,336 shares in the company, valued at $23,796,592.64. This represents a 20.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 stock was sold at an average price of $64.73, for a total value 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 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 Friday, September 12th, Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock. The stock was 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 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 stock was sold at an average price of $61.87, for a total transaction of $6,650,591.91.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $0.81 during trading hours on Monday, hitting $64.22. The company had a trading volume of 4,775,825 shares, compared to its average volume of 10,508,868. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $68.07. The firm's fifty day moving average is $63.37 and its 200 day moving average is $53.14. The firm has a market capitalization of $108.93 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.65 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. Interactive Brokers Group's quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent analyst reports. 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 research report on Monday, July 7th. Barclays raised their price objective 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. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Piper Sandler increased their price target on 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 equities 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 company has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Hedge Funds Weigh In On Interactive Brokers Group

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in Interactive Brokers Group by 50.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider's stock worth $98,886,000 after purchasing an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider's stock valued at $482,000 after buying an additional 6,163 shares during the period. Inspire Investing LLC raised its position in shares of Interactive Brokers Group by 19.5% during the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider's stock worth $7,839,000 after acquiring an additional 7,734 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Interactive Brokers Group by 334.1% during the first quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider's stock valued at $1,251,000 after acquiring an additional 5,816 shares during the period. Finally, Fragasso Financial Advisors Inc boosted its holdings in Interactive Brokers Group by 338.5% in the second quarter. Fragasso Financial Advisors Inc now owns 30,072 shares of the financial services provider's stock valued at $1,666,000 after acquiring an additional 23,214 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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.