Interactive Brokers Group (NASDAQ:IBKR) Director Sells 25,000 Shares of Company Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Lawrence Harris sold 25,000 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the transaction, the director owned 148,482 shares in the company, valued at $12,266,098.02. The trade was a 14.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded down $1.77 during mid-day trading on Thursday, hitting $81.77. The company’s stock had a trading volume of 3,573,291 shares, compared to its average volume of 4,687,129. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The stock’s fifty day simple moving average is $88.83 and its two-hundred day simple moving average is $82.79. The firm has a market capitalization of $139.12 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. Interactive Brokers Group’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.7%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBKR. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a research note on Tuesday, October 6th. Bank of America reaffirmed a “buy” rating and issued a $116.00 price objective (up from $114.00) on shares of Interactive Brokers Group in a report on Monday, October 5th. Raymond James Financial started coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They issued a “market perform” rating for the company. CICC Research upped their target price on Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, China Renaissance began coverage on Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $102.87.

Institutional Trading of Interactive Brokers Group

A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Trust Services Inc. grew its stake in shares of Interactive Brokers Group by 1,217.2% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 353 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Interactive Brokers Group by 584.6% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after buying an additional 456 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Interactive Brokers Group by 62.2% during the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 201 shares in the last quarter. Mather Group LLC. lifted its position in Interactive Brokers Group by 70.4% during the third quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 271 shares during the period. Finally, Activest Wealth Management increased its holdings in Interactive Brokers Group by 2,960.9% in the 3rd quarter. Activest Wealth Management now owns 704 shares of the financial services provider’s stock valued at $60,000 after buying an additional 681 shares during the period. Institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.